India: India - A Thumbs Up for Soybean Meal Imports Possibly

Post’s sources inform that the Indian government is allowing for the import of up to 1.5 million metric tons (MMT) of foreign-origin soybean meal (including that derived from GE-soybeans) at a 16.5 percent basic customs duty. Final approval granting market access for soybean meal (including that derived from GE-soybeans) will made by the Ministry of Commerce and Industry. However, due to the absence of any notification, or official written guidance from the Indian government at present, there is high uncertainty on how this import quota will be implemented through October 31, 2021.