India’s exports of oilmeal down by 67% in December 2021

Updated Jan 20, 2022
“Soybean crush margins in India are currently squeezed by pressure on meal prices and relatively high price expectation of farmers for soybean seed, which is currently quoted over Rs 6,300 per quintal,” SEA said. “At present, India is outpriced for soybean meal export. Ex-Kandla prices are quoted at $ 750 per tonne as against Brazil origin’s $ 535 per tonne and Argentina’s $ 525 per tonne,” the association said. “India is unlikely to be competitive for export in next 2-3 months due to high price of domestic soybean seed. Lesser crushing of soybean has resulted in higher import of crude soybean oil. In case of rapeseed, seeds are not available for crushing and that has affected export of rapeseed meal in the last two months.” SEA data further shows India exported 15.96 lakh tonnes of oilmeals during April-November of 2021-22 as against 19.51 lakh tonnes in the corresponding period of 2020-21. The country exported 1.62 lakh tonnes of oilmeals in November 2021 as against 3.32 lakh ...
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