The dearth of demand for rapeseed meal in abroad locations and the extreme provide of soyabean meal on the planet market impacted the general export of oilmeals from India.
Information compiled by the Solvent Extractors’ Affiliation of India (SEA) confirmed that India exported 39.33 lakh tonnes (lt) of oilmeals through the April-February interval of 2024-25 fiscal towards 44.90 lt within the corresponding interval of 2023-24, recording a decline of 12.39 per cent.
- Learn additionally: Soyameal exports down 19% in Oct-Feb on weak demand
Whole oilmeal exports from India declined to three.30 lt in February 2025 from 5.15 lt in February 2024.
BV Mehta, Government Director of SEA, stated the export of rapeseed meal plummeted throughout April-February 2024-25 as a result of lack of demand from abroad locations. The export value of rapeseed meal, which was $270 a tonne a month in the past, declined to $190 a tonne on March 17, he stated. The value was $285 a tonne in March 2024.
India exported 16.82 lt of rapeseed meal throughout April-February 2024-25 towards 20.39 lt a 12 months in the past, recording a decline of 17.53 per cent.
Export of castorseed meal declined to 2.74 lt in April-February 2024-25 from 3.49 lt in April-February 2023-24, recording a decline of 21.44 per cent.
Stating that the export of de-oiled ricebran is banned since August 2023, he stated it has significantly damage the home producers in Jap India. Following this, the native value of de-oiled ricebran crashed ₹8,500 per quintal from ₹13,500 per quintal a 12 months in the past.
Static soyameal
The general export of soyabean meal remained roughly the identical through the first 11 months of 2024-25. India exported 19.40 lt of soyabean meal throughout April-February 2024-25 towards 19.34 lt within the corresponding interval of 2023-24. He attributed this to the imports by Germany and France.
Nonetheless, the export of soyabean meal declined by 23 per cent throughout October-February of 2024-25. India exported 10.31 lt of soyabean meal throughout October-February of 2024-25 towards 13.47 lt in October-February 2023-24.
Mentioning that soyameal costs additional declined from $380 a tonne a month in the past to $360 a tonne now, he attributed the explanations equivalent to extreme provide and poor demand on the planet marketplace for this value.
- Learn additionally: February edible oil imports reach lowest levels since pandemic-affected May 2020
Main importers
South Korea imported 6.14 lt oilmeals from India throughout April-February 2024-25 (7.87 lt in April-February 2023-24). This included 3.94 lt of rapeseed meal, 1.66 lt of castorseed meal, and 54,156 tonnes of soyabean meal.
India exported 2.21 lt (3.94 lt) of oilmeals to Vietnam through the first 11 months of 2024-25. This included 1.87 lt of rapeseed meal, 22,208 tonnes of soyabean meal, 11,283 tonnes de-oiled ricebran extraction, and three,003 tonnes of groundnut meal.
Thailand imported 4.13 lt of oilmeals (6.04 lt) from India throughout April-February 2024-25. This included 3.88 lt of rapeseed meal, 15,879 tonnes of soyabean meal, and eight,655 tonnes of groundnut meal.
India exported 6.89 lt of oilmeals (7.79 lt) to Bangladesh through the first 11 months of 2024-25. This included 5.51 lt of rapeseed meal, and 1.38 lt of soyabean meal.
Kenya imported 1.49 lt of soyabean meal throughout October-February 2024-25. Mehta stated European international locations have grow to be the key importers of Indian soyabean meal. They imported round 5.95 lt through the first 11 months of 2024-25.
