Soymeal exports surged by 108%, Rapeseed meal by 14% in June'24: SEA

Soymeal

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According to the latest data from the Solvent Extractors' Association, India's soymeal exports surged by 61% between October 2023 and June 2024, reaching 2.43 million tonnes compared to 1.26 million tonnes during the same period the previous year. Additionally, soymeal exports in June 2024 increased by 108% to 1.52 million tonnes from 0.73 million tonnes in June 2023, driven by strong export demand.

According to the latest data from the Solvent Extractors' Association, India's rapeseed meal exports declined by 17% between February 2024 and June 2024, dropping to 8.39 Lakh tonnes compared to 10.08 lakh tonnes during the same period the previous year. Additionally, soymeal exports in June 2024 went up by 14% to 1.59 lakh tonnes from 1.40 Lakh tonnes in June 2023, amid improved export demand in global market.