CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

India's soybean imports surge to record as domestic prices rally

By Reuters News

MUMBAI, Oct 28 (Reuters) - 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.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.