Topic
soybean
Commodities India’s Soyabean Imports May Touch Record 9 Lakh Tonnes for Oil Year 2025-26
India’s soyabean imports are projected to hit a record 9 lakh tonnes in the 2025-26 oil year, driven by a domestic supply shortfall. The Soyabean Processors Association of India (SOPA) raised its forecast from an earlier estimate of 6 lakh tonnes, with imports from sub-Saharan Africa filling the gap. Domestic production fell 14% due to weather, pushing soyameal prices up 40% and impacting the feed sector.
Commodities Maize Farmers Shift to Cotton Amid El Niño Concerns
Indian maize farmers are shifting to cotton, soybean, paddy, and ragi due to anticipated below-normal rainfall from El Niño and market profitability. The shift varies by region, with Madhya Pradesh seeing increased cotton acreage.
Trade India Shifts Soybean Trade: Cancels Exports, Boosts African Imports
India cancels 25,000 tons of soymeal export contracts due to soaring domestic prices and turns to importing 80,000 tons of soybeans from Africa. The shift affects traditional trade flows and highlights the premium pricing of non-GM African soybeans.