Soymeal exports to the US plunge

Indian exporters’ failure to respond to an anti-dumping investigation initiated by the US International Trade Commission (ITC) in 2021-22 has resulted in soymeal exports from the country plunging by over 90% in the past five years. India was exporting non-genetically modified soymeal to the US, which was claimed to be organic. What began as a trickle in 2013-14 peaked in 2020-21 at 2.27 lakh tonnes. The subsequent probe and the ITC findings dragged the shipments that were pegged at 21,313 tonnes in 2024-25 by the Solvent Extractors Association of India (SEA). The ITC probe began after the US Department of Commerce preliminarily determined that organic soybean meal from India was sold in the US at less than fair value (LTFV) between January 1, 2020 and December 31, 2020, as per a report.

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!