India's Soybean Meal Exports Take A Massive 73% Hit As Cheaper Global Supplies Dominate, Overall Oilmeal Shipments Plunge 28.51% Amid Rising Price Pressure
Mumbai: India's oilmeal exports declined 28.51% to 12.82 lakh tonnes during April–August FY27, as falling soybean meal shipments, high domestic prices and intense international competition weighed on overseas demand. According to the Solvent Extractors' Association of India (SEA), exports stood at 17.93 lakh tonnes during the corresponding period last year. Strait Of Hormuz Oil Route Gets US…
India's oilmeal exports plunged 28.51% to 12.82 lakh tonnes between April and August 2027, suffering a 73% decline in soybean meal shipments. The drop was driven by abundant global supplies, especially from Argentina and Brazil, which undercut Indian prices and affordability. High domestic prices and strong competition in international markets further eroded demand.
Despite domestic demand from livestock and poultry sectors, Red Sea shipping disruptions and rising freight costs added extra stress to exporters. China remained the top buyer, importing 4.01 lakh tonnes, while Bangladesh and Vietnam saw modest increases. However, South Korea cut its purchases to 1.54 lakh tonnes. Overall, Indian oilmeal exports fell 28.51% to 12.82 lakh tonnes during April-August 2027, with soybean meal suffering a particularly sharp 73% decline.
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