Soybean imports surge to record as domestic prices rally

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The ‌South Asian nation imported ‌about ⁠2,000 tons in the previous ⁠year, data from the Soybean Processors Association of India (SOPA) shows

By Reuters

Updated - October 28, 2026 at 12:42 PM. | MUMBAI

India’s soybean imports in 2025/26 surged to ​a record 1.1 million ‌metric tons from negligible volumes a ​year earlier, as ⁠a rally in domestic prices prompted mills to step up overseas ‌purchases, a leading trade body said on Wednesday.

The ‌South Asian nation imported ‌about ⁠2,000 tons in the previous ⁠year, data from the Soybean Processors Association of India (SOPA) shows.

India permits imports ​only of ‌non-genetically-modified soybeans, limiting supplies to a handful of African nations - including Benin, Niger, Togo and ‌Nigeria - where non-GM beans command ​a steep premium over genetically modified varieties.

Niger emerged ⁠as the biggest soybean exporter to India with shipments of ‌more than 430,000 tons in the marketing year ended on September 30, traders estimate.

The surge prompted Indian customs authorities to investigate soybean ‌imports declared as originating in Niger, ​on suspicion the cargoes came from Nigeria and ⁠were mislabelled to evade import tariffs, ⁠Reuters reported this month.

India’s soymeal exports in 2025/26 ‌halved to 1 million tons, SOPA said in a ​statement.

Published on October 28, 2026

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