# Why India's soybean meal exports fell

Indian soybean meal exports fell 73% year on year in April–August. The report cites a price gap with global benchmarks, strong domestic feed demand and high freight costs.

Published 2026-11-10 by the Feedsoft Markets Desk. Covers: SBM.

Video (37s): https://feedsoft.ai/media/social/85/youtube-98a14e6efa.mp4

## Transcript

- **Indian soymeal exports fell 73%** April–August shipments were 205,000 tonnes, down 73% from the same period a year earlier.
- **The reported price gap** Indian soymeal traded around $622 per tonne, versus global benchmarks near $445.
- **More than one factor** Cheaper South American supplies, strong Indian feed demand and high freight costs weighed on exports.
- **A smaller export presence** India shipped less soybean meal abroad during the period. Check the benchmark and freight basis when comparing prices.

Full analysis: https://feedsoft.ai/events/89072-india-s-oilmeal-exports-fall-28-5-as-soymeal-loses-to-brazil-argentina

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.