India consumed an estimated volume of over six million metric tons of soybean meal in fiscal year 2023. There was a consistent increase in the quantity of domestic consumption since fiscal year 2016. Soybean meals were used mainly in food and animal feeds as a protein supplement. Soybean exports from India had increased in the previous year owing to the Iran's markets opening up as a result of U.S. sanctions.
Consumption of soybean meal across India from financial year* 2016 to 2023
(in million metric tons)
*Data is in reference to the United States federal government's fiscal year. It is the 12-month period beginning October and ending September the following year. For example, FY 2020 is from October 1, 2019 through September 30, 2020.
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US Department of Agriculture. (April 11, 2024). Consumption of soybean meal across India from financial year* 2016 to 2023 (in million metric tons) [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/1058280/soybean-meal-consumption-india/
US Department of Agriculture. "Consumption of soybean meal across India from financial year* 2016 to 2023 (in million metric tons)." Chart. April 11, 2024. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/1058280/soybean-meal-consumption-india/
US Department of Agriculture. (2024). Consumption of soybean meal across India from financial year* 2016 to 2023 (in million metric tons). Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/1058280/soybean-meal-consumption-india/
US Department of Agriculture. "Consumption of Soybean Meal across India from Financial Year* 2016 to 2023 (in Million Metric Tons)." Statista, Statista Inc., 11 Apr 2024, https://www.statista.com/statistics/1058280/soybean-meal-consumption-india/
US Department of Agriculture, Consumption of soybean meal across India from financial year* 2016 to 2023 (in million metric tons) Statista, https://www.statista.com/statistics/1058280/soybean-meal-consumption-india/ (last visited December 31, 2024)
Consumption of soybean meal across India from financial year* 2016 to 2023 (in million metric tons) [Graph], US Department of Agriculture, April 11, 2024. [Online]. Available: https://www.statista.com/statistics/1058280/soybean-meal-consumption-india/
