MANAGEMENT OF DECLINING SOYMEAL TRADE FROM INDIA: AN ANTHROPOCENE PROTEIN SUPPLEMENT

The soybean meal is one of the major foreign exchange earners in the export basket for India due to growth in demand for feeds of bovines, poultry, aqua and swine in Asia and Europe. Currently soybean meal export from India has been declined due to growth in domestic demand, absence of export orders from traditional buyers, high production cost, intense competition and supply of cheaper soy meal by South America. The macro and micro aspects of the soy meal trade are investigated in the present study. Curative measures to augment the export have been discussed. Attempt has been made to disclose the ground truth that India should focus on the issue of non-GMO and high protein factors for marketing the products in overseas markets like Japan, Korea, Iran, France and Belgium. The countries like Pakistan and Bangladesh, Vietnam have started importing soy seed from India to support domestic processing sector. Exporters from India need to market soymeal products through competitive pricing. The present study envisages the analysis of the soybean meal export keeping the yield, production and export factors into consideration. The study also examines the setup of Soybean meal exports from India and to analyze the factors affecting the Soymeal exports and their implications. The study is directed to suggest measures to improve the export of soybean meal that would definitely contribute to the Indian economy.