India Cancels Soymeal Export Deals and Turns to African Soybean Imports

Indian traders have canceled around 25,000 metric tons of soymeal export contracts after a sharp rise in domestic soybean prices made exports commercially difficult. According to Reuters, this is the first such cancellation since 2021, and it comes as Indian soybean prices jumped by 41% within a month to a four-year high due to lower domestic production.

At the same time, India has started importing soybeans from African countries including Benin, Niger, Togo, and Nigeria. Reuters reported that Indian buyers had already imported about 80,000 metric tons of African soybeans, while total imports could reach a record 800,000 metric tons by September 2026. India only permits imports of non-GMO soybeans, which makes African supply particularly relevant for its market.

For the feed and animal nutrition industry, this shift is important because soymeal is a key livestock feed ingredient. When a traditional exporter faces high domestic prices and turns to imports, global protein meal flows may adjust quickly, creating new opportunities for suppliers in Africa and the Americas while increasing price uncertainty for feed producers.

Source:
Reuters, “India cancels soymeal export deals, turns to African soybean imports, sources say,” May 26, 2026.