India has turned to Nigeria and other African countries for soybean imports after soaring domestic prices forced Indian traders to cancel soymeal export contracts for the first time since 2021.

Indian traders have cancelled 25,000 metric tons of soymeal export contracts. This is the first time since 2021. They have also booked 80,000 tons of imports from African…

India halts soymeal exports due to rising domestic prices and shifts to importing soybeans from Africa.