India’s oil meals export experienced a 7.15% decline in the first eight months of 2024-25, reaching 27.51 lakh tonnes compared to 29.64 lakh tonnes in the same period last year. This decline is primarily due to reduced rapeseed and castor seed meal exports and intensified competition from global soybean meal markets. Major importers include South Korea, Vietnam, and Thailand.
The global soybean meal market has intensified, affecting India’s exports. While soybean meal export increased to 12.06 lakh tonnes during April-November 2024-25, it is expected to slow down due to rising global supply. Key importers like South Korea, Vietnam, and Thailand continue to contribute significantly, but uncertainties in Bangladesh are impacting rapeseed meal exports.
India is urging the Centre to lift the ban on the export of de-oiled rice bran, which could improve the overall export scenario. South Korea, Vietnam, and Thailand have all imported oil meals from India, with a substantial portion comprising rapeseed and soybean meal.
