India Becomes Second Largest Soybean Meal Shipper to Canada


Jul 11, 2023 | Agricultural Markets News

Reading time: 2 minutes

Soybeans are now Canada’s third largest field crop in terms of farm cash receipts. As production and processing grow, Canada is becoming a more critical Soybean supplier, and Soybeans are becoming a more significant force in the Canadian economy. Canadian farmers have grown Soybeans for more than 70 years, and recent advances in plant breeding are spurring a new surge in production. Soybeans now rank fourth among Canada’s principal crops in terms of acreage.

This growth has been driven by the development of new early-maturing Soybean varieties that are expanding the boundaries of where the crop can thrive. Until the 1970s, almost all of Canada’s Soybeans were grown in southern Ontario. Today Soybeans have become an essential crop in Quebec and Manitoba, as well as parts of the Maritimes, southeast Saskatchewan, and southern Alberta.

Traditionally, Canada has exported top-quality food-grade Soybeans with specialty traits for edamame, tofu, soy sauce, and miso. The industry continues to serve this premium market while rapidly increasing its production of commodity Soybeans for processing into soy protein, vegetable oil, animal feed, and a growing range of industrial products. Nearly two-thirds of the Soybeans grown in Canada are destined for export markets, either as raw Soybeans or processed for end use. The Canadian industry works closely with customers worldwide to ensure their quality and composition needs are met.

The whole value chain of the Canadian Soybean industry extends from the research lab to the farm to the shipping port. Long before the farmer plants the seed, many Canadian businesses and organizations focus on developing new traits, varieties, and crop management technologies. On the farm, this knowledge is put to work growing Soybeans that meet customer specifications, using techniques that respect Canada’s productive and pristine natural resources. After harvest, other industry partners move the Soybeans from farms to grain elevators through cleaning, sorting, and grading.

Most Canadian Soybeans are then delivered to one of Canada’s sizeable coastal shipping ports for export to offshore markets. The remaining Soybeans are transported to Canadian processing plants for transformation into Meal and oil and then end-use products for the consumer and industrial markets.

Regulation and quality control are also essential to the industry. Organizations like the Canadian Grain Commission oversee testing and monitoring to ensure high standards are met for all customers. The impact of this activity extends all through the Canadian economy. Through Soy Canada, all industry partners are working together to maximize the progress and value of the industry.

According to the AgFlow data, Canada imported 30,700 tons of Soybean from Brazil in Jan-May 2023, followed by the United States (27,060 tons). Regarding export, Canada shipped 0.2 million tons of Soybean to China in Jan-May 2023, followed by Iran (63,000 tons) and Algeria (42,421 tons). 

India Becomes Second Largest Soybean Meal Shipper to Canada

Soybean Meal in Canada

In 2021, Canada exported Soybean Meal worth $160 million, making it the world’s 16th largest exporter of Soybean Meal. In the same year, Soybean Meal was Canada’s 297th most exported product. The leading destination of Soybean Meal exports from Canada is the United States ($122 million), the United Kingdom ($24.9 million), Ireland ($6.67 million), the Netherlands ($3.69 million), and Romania ($2.78 million).

In 2021, Canada imported Soybean Meal worth $509 million, becoming the world’s 18th largest importer of Soybean Meal. In the same year, Soybean Meal was Canada’s 196th most imported product. Canada imports Soybean Meal primarily from: the United States ($478 million), India ($27 million), Brazil ($876k), China ($664k), and the Netherlands ($624k).

Other sources: SOY CANADA

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