Iran resumed imports of Indian soybean meal in 2022/23 MY
Soybean Meal
Oil & Fats
Published Nov 8, 2023
Tridge summary
Iran has resumed importing soybean meal from India after a complete absence in the previous year, according to experts at Oil World. The country has been steadily decreasing its imports of Indian soybean meal in recent years, opting for suppliers from Turkey, UAE, Brazil, and Argentina instead. Overall, Iran imported 1.52 million tons of soybean meal in the 2022/23 MY, with Argentina and Brazil being the largest suppliers.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
According to Oil World (Germany) experts, Iran imported 13 thousand tons of soybean meal from India in 2022/23 MY, which indicates the resumption of purchases after their complete absence in 2021/22 MY. Let us recall that Iran has been methodically reducing imports of Indian soybean meal in recent years: if back in 2018/19 MY the figure was 526 thousand tons and India was one of the key suppliers of the product, then already in 2019/20 MY purchases decreased to 56 thousand tons , and in 2020/21 MY they amounted to only 90 thousand tons. During this period, Iranian importers switched from sourcing soybean meal of Indian origin to product from Turkey, UAE, Brazil and Argentina. In total, in 2022/23 MY ...
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