📷 Image: Wikimedia Commons / Vyacheslav Argenberg
Business
India’s Oilmeal Exports Drop 28.5% Amid Brazil, Argentina Competition
✍️ Business Standard
🗓 10 Nov 2026, 07:37 AM
👁 18
India’s oilmeal exports fell 28.5% in the latest reporting period, as the country’s soymeal market faces stiff competition from Brazil and Argentina.
India’s oilmeal exports recorded a 28.5% decline in the most recent quarter, according to data released by the Ministry of Commerce.
Oilmeal, a by‑product of soybean oil extraction, is used mainly as animal feed and in industrial applications. The drop reflects a shift in global demand, with buyers turning to cheaper supplies from Brazil and Argentina.
Brazil and Argentina together exported more than 1.2 million tonnes of soymeal last year, eclipsing India’s 400,000‑tonne share. The price advantage of the South American producers has made it difficult for Indian exporters to compete.
The decline could pressure domestic producers and prompt the government to review export incentives and support schemes for the soybean sector.
Oilmeal, a by‑product of soybean oil extraction, is used mainly as animal feed and in industrial applications. The drop reflects a shift in global demand, with buyers turning to cheaper supplies from Brazil and Argentina.
Brazil and Argentina together exported more than 1.2 million tonnes of soymeal last year, eclipsing India’s 400,000‑tonne share. The price advantage of the South American producers has made it difficult for Indian exporters to compete.
The decline could pressure domestic producers and prompt the government to review export incentives and support schemes for the soybean sector.