India Exports 12% Less Oilmeal in FY2024–2025 Due to Poor Demand

India’s oil meal exports fell 12.39% to 39.33 lakh tonnes during April-February 2024-25, primarily due to declining demand for rapeseed meals and an oversupply of soybean meal globally. Rapeseed meal exports dropped 17.53%, while castor seed meal exports fell 21.44%. The de-oiled rice bran export ban since August 2023 further impacted domestic prices. Soybean meal…

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Amid a decreased forecast of supply, aluminum stabilized

Aluminium prices remained steady at ₹264.55 despite market volatility, as lower supply from major producers and expectations of stronger demand balanced the market. China’s record output of 44 million tons in 2024 signals an impending slowdown, with production curbs enforced by Beijing’s 25 million-ton cap. The removal of export tax rebates shifted local producers’ focus…

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