Oilmeal Export – Down by 12% from April 2024 to February 2025: SEA

18-Mar-2025 12:16 PM

Oilmeal Export – Down by 12% from April 2024 to February 2025: SEA
★ In February 2025, a total of 330,319 tons of oilmeal was exported, compared to 515,704 tons in February 2024, marking a 36% decline in exports.  
- During the period from April 2024 to February 2025, the total oilmeal export stood at 3,933,349 tons, compared to 4,490,055 tons during the same period last year, indicating a 12% decline. The primary reason for this drop is the reduction in rapeseed meal and castorseed meal exports.  
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Soymeal Export: Mixed Performance
- From April 2024 to February 2025, the total export of soymeal was 1.94 million tons, which is nearly the same as 1.934 million tons exported during the same period last year.  
- However, during the oil year from October 2024 to February 2025 (5 months), soymeal exports were 1.031 million tons, compared to 1.347 million tons in the same period last year, marking a 23% decline.  
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Price Decline
- In the last month, the price of soymeal fell from US$ 380 per ton to US$ 360 per ton due to excess supply and weak demand in the global market.  
- Rapeseed meal exports also dropped due to reduced demand, and its price fell by more than US$ 80.  
- On March 17, 2025, rapeseed meal was quoted at US$ 190 per ton (FAS Kandla), compared to US$ 270 per ton a month earlier.  
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DORB Export Ban Impact
- The export of De-oiled Rice Bran (DORB) has been banned since August 2023, which has severely impacted domestic producers in Eastern India.  
- As a result, the local price of DORB has plummeted from ₹13,500 per quintal to ₹8,500 per quintal.  
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Conclusion:  
★ Overall, oilmeal exports have declined by 12%, primarily due to the significant drop in rapeseed meal and castorseed meal exports. However, Kenya has emerged as a new market for Indian soymeal, which could boost exports in the future.