*Sharp Decline in India’s Soymeal* •Exports in January 2025 Y-O-Y India’s soymeal exports recorded a sharp year-on-year decline of 24% in January 2025, as per the latest data from the Solvent Extractors' Association. However, on a month-on-month basis, exports saw a modest 3% increase. •Despite the decline in January, cumulative soybean meal exports from April 2024 to January 2025 registered a growth of 12% over the previous year, driven by strong demand from European markets, particularly Germany and France.