India's soybean imports may hit record 1 million tonne this season

India's soybean imports are projected to reach a record high of 1 million tonne in the current season, driven by a sharp decline in domestic supply. The surge reflects tightening availability of the oilseed in the country.

Imports are expected to remain elevated in the coming year as well, with output anticipated to drop further due to lower sowing area and weak monsoon conditions affecting crop yields. This sustained import pressure underscores challenges in domestic soybean production.