Soybean Processing – Industry Scenario
India continues to be the 4th largest oil economy and largest importer of vegetable oils in the world. The domestic edible oil industry plays a pivotal role by way of value addition and saving of precious foreign exchange. On the other hand, with export of oilmeals / extractions, the industry contributes to the foreign exchequer, in a big way.

Government’s efforts for crop diversification from cereals like wheat/ rice to oilseeds, for increasing productivity and area under cultivation of oilseeds, by fixing favorable Minimum Support Price (MSP), have started to yield results.

On the other hand, the Multinational Corporations/Export buyers are making their presence felt by entering into business arrangements with local players and/or by establishing their own state of the art processing facilities in India.

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