India significantly increased the export of rapeseed meal and significantly reduced the shipment of soybean

Published 2022년 7월 15일

Tridge summary

India has seen a notable increase in the export of rapeseed meal due to a record high harvest of rapeseed in the 2021/22 marketing year, while soybean exports have decreased. The country is projected to reach a record 1.3 million tons of rapeseed meal exports for the 2021/22 season, with the main shipments going to South Korea, Bangladesh, and Vietnam. Conversely, soybean meal exports have dropped significantly, especially to the EU, due to reduced competitiveness of Indian soybean meal on the global market. Furthermore, the decrease in soybean processing in India is attributed to the inactivity of oilseed sales by farmers, potentially leading to a surge in soybean stocks by the end of the season.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to Oil World (Germany) experts, this year India significantly increased the export of rapeseed meal, but reduced the shipment of soybean. In particular, the record high harvest of rapeseed in India in 2021/22 MY allowed the country to increase the processing of oilseeds and the shipment of meal, which in March-May of this year. reached 447 thousand tons, which significantly exceeds the result for the same period in 2021 (263 thousand tons) and in 2020 (182 thousand tons). The main volumes of rapeseed meal were shipped to South Korea (180 thousand tons), Bangladesh (95 thousand tons), Vietnam (71 thousand tons). In total, in the 2021/22 season (October-September), analysts predict an increase in the export of rapeseed meal from India to a record 1.3 million tons against 1 million tons in 2020/21 MY. At the same time, the export of soybean meal from the country in March-May decreased significantly - to 97 thousand tons compared to 437 thousand tons in 2021, which is also ...

Source: Oilworld