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The increasing global demand for protein is a driving force behind the growth of the soya industry
The Soybean Processors Association of India (SOPA) has called on the government to expedite the proposed National Mission on Edible Oil (NMEO), which has been delayed for four years.
Recently speaking at the International Soy Conclave in Indore, Davish Jain, Chairman of SOPA said, “The increasing global demand for protein is a driving force behind the growth of the soya industry. The global soybean consumption has risen from 265 million tonnes in 2012-13 to 364 million tonnes in 2022-23, with India’s consumption increasing from 5 million tonnes to 11 million tonnes over the same period.”
Jain further emphasised the versatility of soya as a crop, which can be processed into various food and feed products. He called for government support to make protein supplements accessible for all and to address the volatility in crop yields and price fluctuations that impact farmers.