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India’s oilmeal exports tumble 65% in July as soybean meal shipments slump
Source: Hindu BusinessLine · 3 hr ago
Summary
India’s oil‑meal exports fell sharply in July, dropping about 65 % from a year earlier, mainly because soybean‑meal shipments collapsed nearly 90 % due to high domestic prices, competition from cheaper Argentine and Brazilian supplies, and higher freight costs caused by Red Sea disruptions. Rapeseed‑meal exports also fell, though they rose slightly later in the year, and the overall oil‑meal export volume for April‑July was down roughly 27 % compared with the same period last year.
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From the original report
Uncompetitive prices, cheaper South American supplies and rising freight costs were the primary factors
Excerpt from Hindu BusinessLine.
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