India’s soymeal exports are expected to fall to a four-year low in 2026 as rising domestic soybean prices reduce the competitiveness of Indian supplies in the global market. Industry officials said strong local demand, tighter soybean availability and higher procurement costs have pushed export prices significantly above competing origins such as Argentina and Brazil.
According to trade estimates, India’s soymeal exports during the current oil year could decline sharply from last year’s levels, with overseas buyers shifting to cheaper South American supplies. Exporters said Indian soymeal prices have remained elevated due to lower domestic soybean arrivals and increased consumption from the poultry and livestock feed industries.
The Soybean Processors Association of India (SOPA) said domestic soybean prices have stayed above the minimum support price for most of the season, supporting farmers but limiting export competitiveness. Industry participants noted that India had benefited from strong export demand in recent years due to crop issues in rival producing nations, but improved output in South America has intensified global competition.
Exporters also pointed to logistical and freight-related challenges, including higher shipping costs and delays linked to disruptions in West Asian maritime routes, which have further pressured margins. Analysts said weaker soymeal exports could impact crushing activity at domestic processing units, even as demand within India remains firm from the rapidly expanding poultry and animal feed sectors.
Despite the expected export slowdown, industry experts believe long-term domestic demand for soymeal will remain strong due to growth in India’s food processing, dairy and livestock industries. They added that improved oilseed productivity and stable policy support would be essential for boosting India’s competitiveness in global soymeal markets.