Stories

India Probes Soybean Imports From Niger Over Suspected Tariff Evasion
C
CNBC TV18•05-10-2026, 17:06
India Probes Soybean Imports From Niger Over Suspected Tariff Evasion
  • •Indian customs authorities are investigating a massive surge in soybean imports declared as originating from Niger.
  • •Investigators suspect the cargoes actually came from neighbouring Nigeria and were mislabelled to unlawfully evade the 45% import tariff.
  • •Niger is a least-developed country eligible for duty-free exports, but produces less than 100 metric tons of soybeans a year.
  • •India's soybean imports from Niger skyrocketed to 380,868 tons in the first seven months of the year, wildly exceeding local production capacity.
  • •Importers have been asked to provide inland transportation details and transit permits, prompting them to halt further purchases.

Key Questions Answered

Indian customs authorities are probing a massive surge in soybean shipments declared as originating in Niger, suspecting the cargoes actually came from neighbouring Nigeria and were mislabelled to evade India's 45% import tariff. Niger produces less than 100 metric tons of soybeans a year, making its declared supply of over 380,000 tons in the first seven months of 2026 vastly exceed its actual production capacity.

If the soybean cargoes are found to have been mislabelled from Nigeria to falsely claim duty-free status under Niger's least-developed country category, importers will be required to pay the full 45% import tariff.

A hit to domestic soybean production from dry conditions following previous floods left India heavily reliant on imported soybeans. This supply tightness caused local soymeal prices to jump 41% in a month to 66,000 rupees per metric ton, forcing Indian traders to cancel export contracts and book tens of thousands of tons of imports from African countries.