India, July 5 -- India PR Distribution
New Delhi [India], July 5: India, one of the leading producers of Non-GMO soybeans, is taking significant steps to align with the European Union Deforestation Regulation (EUDR), which mandates full traceability and zero-deforestation sourcing for agricultural commodities like soy. The regulation, enforced from June 2023 with compliance deadlines approaching by end of 2024, is set to impact global trade flows.
In FY 2023-24, India produced approximately 113 lakh metric tons (11.3 million MT) of soybeans. As global demand for traceable, deforestation-free Non-GMO soy rises, especially from European markets, Indian stakeholders are strategically positioning the country as a key supplier.
India's comp...
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