India’s oilmeal exports declined by 21% to Rs 12,171 crore in FY25, pushed primarily by an 11% fall in general export volumes, in response to the Solvent Extractors’ Affiliation of India (SEA).
Over the last monetary yr, India exported 43.42 lakh tonnes of oilmeals, down from 48.85 lakh tonnes in FY24. The decline was primarily as a result of lowered shipments of rapeseed and castorseed meals, SEA mentioned in a press release.
Relating to worth, exports dropped from Rs 15,368 crore in FY24 to Rs 12,171 crore in FY25, reflecting decrease worldwide demand and decreased volumes, SEA Government Director B V Mehta confirmed.
Amongst main consumers, Bangladesh remained the most important importer of Indian oilmeals regardless of political challenges. The nation imported 7.42 lakh tonnes in FY25, 17% decrease than the 8.93 lakh tonnes imported the earlier yr.
South Korea emerged because the second-largest purchaser with 6.99 lakh tonnes of oilmeals imported within the fiscal yr, representing a 16% drop from the earlier yr. Thailand adopted because the third-largest importer, shopping for 4.48 lakh tonnes in FY25 — a 25% fall from 6.33 lakh tonnes in FY24.
The drop in exports throughout key markets signifies shifting demand dynamics and potential challenges for Indian exporters, significantly in sustaining momentum amid international uncertainties.
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