Now Reading: Rapeseed meal lifts India’s May oilmeal exports 18.41%
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Rapeseed meal lifts India’s May oilmeal exports 18.41%
India’s oilmeal exports rose 18.41 per cent year-on-year to 3.73 lakh tonnes in May 2026, from 3.15 lakh tonnes a year earlier. Rapeseed meal shipments more than doubled to 2.47 lakh tonnes from 1.34 lakh tonnes, supported by demand in Asian markets, including China.
Exports for April-May 2026-27, however, fell 5.37 per cent to 7.39 lakh tonnes from 7.81 lakh tonnes in the same period last year. Soybean meal shipments dropped to 1.44 lakh tonnes from 3.87 lakh tonnes as higher prices reduced India’s competitiveness, while rapeseed meal exports rose to 4.95 lakh tonnes from 3.47 lakh tonnes.
China imported 2.76 lakh tonnes of Indian oilmeals during the period, followed by Bangladesh with 1.02 lakh tonnes and Vietnam with 80,231 tonnes. SEA said Red Sea disruptions, high freight costs and competition from South American and European suppliers continued to affect trade.
Indian Opinion Analysis
The export mix has shifted towards rapeseed meal, while soybean meal has lost ground in price-sensitive markets. China accounted for nearly all of the increase among the three named buyers, with its purchases rising from 1.17 lakh tonnes to 2.76 lakh tonnes. Future supply will depend partly on domestic crop conditions: soybean planting was marginally lower at 121 lakh hectares, while groundnut acreage rose to 48.03 lakh hectares. Weather in the coming months will determine yields and production, making crop estimates the next key signal for exporters and buyers.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above. Methodology and corrections.
