Oilmeals export dip 21% to Rs 12,171 cr in FY25; volume falls 11%

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Oilmeals export dip 21% to Rs 12,171 cr in FY25; volume falls 11% - Business Standard

Quick Summary:

Bangladesh in spite of political turbulences become a largest importer of Indian oilmeals.India exported 7.42 lakh tonnes to Bangladesh in 2024-25, down 17 per cent from 892,659 tonnes in the preceding year.

In a statement on Friday, edible oil industry body SEA said the total export of oilmeals in 2024-25 fiscal fell 11 per cent to 43,42,498 tonnes compared to 48,85,437 tonnes in the preceding year.

India's oilmeals export fell 21 per cent to Rs 12,171 crore last fiscal mainly due to decline in sales volumes by 11 per cent, according to data compiled by Solvent Extractors' Association of India (SEA).