Industry sources attribute the decline primarily to ample inventories in Indian ports and warehouses, which hold over 1.2 million tonnes of edible oils, reducing the urgency for fresh imports.
This robust top-line growth was driven by volume expansion and strength in the edible oils and industry essentials segments.
This approach is expected to benefit soybean farmers, with an estimated payout of ₹800 (US$9.02) per quintal.
The announcement comes ahead of the Bharat International Rice Conference (BIRC) 2025, a flagship event that will explore trade opportunities and strengthen India’s dominance in the global rice supply chain.
The expansion also enables General Mills to tap into India’s emerging talent pool, supporting innovation-driven projects and digital initiatives that will enhance its global operations.