India’s exports of oilmeals, mainly used as animal feed, fell 28.51% in the April-August period of the current financial year to 12.82 lakh tonnes, as a slump in soybean meal sales weighed on shipments, an industry body said on Monday (November 9, 2026).
Exports were 17.93 lakh tonnes in the same period a year earlier, the Solvent Extractors’ Association of India (SEA) said. Total oilmeal exports in the 2025-26 financial year stood at 37.68 lakh tonnes. Soybean meal exports plunged 73% to 2,05,000 tonnes from 7,57,000 tonnes a year earlier. Rapeseed meal shipments totalled 8,80,000 tonnes, against 9,15,000 tonnes a year earlier. Castorseed meal exports fell to 96,245 tonnes from 1,06,000 tonnes, while groundnut meal exports dropped to 3,231 tonnes from 14,960 tonnes.
“Indian soybean meal has faced severe pricing pressure in international markets during August 2026, trading around $622 per tonne compared to global benchmarks near $445 per tonne,” the SEA said in a statement. Rapeseed meal exports provided a partial cushion, with sales to key Asian buyers including China, Bangladesh and Vietnam, the association said.
