India’s soybean imports surge to a record 1.1 million tonnes on a domestic price rally
- India imported 1.1 million tonnes of soybeans, up dramatically from 2,000 tonnes last year.
- Poor domestic harvests drove prices higher, while Indian soymeal exports halved to one million tonnes.
- Strict non-GM import rules forced mills to source soybeans exclusively from West African nations.
- Niger supplied over 4,30,000 tonnes as customs officials investigate select shipments for tariff evasion.
Source: economictimes.indiatimes.com
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