India’s May soybean imports jump 65% to record 200,000 metric tons as domestic prices hit four-year high

India’s soybean imports rose 65% in May to 200,000 metric tons, a record level, after domestic prices climbed to a four-year high and traders increased purchases from Africa, according to the Soybean Processors Association of India (SOPA). The inflow has enabled African exporters to sell non-genetically modified soybeans at a premium to global benchmarks. Larger arrivals are expected to ease tight supplies and weigh on domestic soybean and soymeal prices. SOPA has raised its 2025/26 import forecast to 900,000 tons.