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The Soybean Processors Association of India has opposed a poultry breeders' proposal to import 3 million tons of GM soybean meal and to extend zero import duties to all African countries. SOPA estimates domestic soymeal supply at 8.172 million tons against projected consumption of 8 million tons, with ending stocks of 172 thousand tons by September 2027.
It appealed to the Commerce Ministry on October 26 to reject the proposal.
If imports are blocked, India's soymeal stays tight and domestic prices hold up; if approved, extra supply would cap meal prices and pressure local crushers.
ukragroconsult.comNov 4, 2026After 224 past neutral trade events, Soybean Meal moved a median -0.2% over 5 sessions (43% higher; middle half -1.7% to +1.2%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
