It is lower, at Rs 24-24.5/kg, for corn DDGS having 27% protein content. This was in addition to 1.91 billion gallons of ethanol ($4.3 billion) and 61.7 mt of corn ($13.7 billion). The trade agreement with the US has allowed imports of DDGS as well as lower-duty soyabean oil. The effective import duty on crude soyabean oil is now 16.5%. India, in 2024-25 (November-October), imported 4.8 mt of soyabean oil primarily from Argentina (2.9 mt), Brazil (1.1 mt), Russia (0.3 mt) and the US (0.2 mt).

Source: Indian Express February 07, 2026 17:17 UTC