As the world's second biggest wheat producer, India is counting on a bumper harvest in 2025 to avoid costly imports, following three straight years of poor crop yields since 2022
Oilmeal exports fell 35 per cent in June to 2,80,001 tonne, mainly due to lower demand of rapeseed meals from overseas, according to trade body SEA. Exports of oilmeals stood at 4,29,616 tonne in the same month last year. However, the overall exports of oilmeals rose 19 per cent to 12,10,045 tonne during April-June from 10,16,031 tonne in the corresponding period of the previous year. In the first quarter of 2023-24, export of soybean meal rose to 3,64,611 tonne compared to 75,454 tonne in the year-ago period. Exports of rapeseed meal fell to 6,20,738 tonne in April-June compared to 7,06,906 tonne in the corresponding period of the previous year. Ricebran extractions export dipped to 1,25,582 tonne in the first quarter of this fiscal from 1,49,008 tonne in the year-ago period. Castorseed meal exports increased to 90,750 tonne during April-June from 83,281 tonne in the corresponding period of the previous year. During the first quarter, South Korea imported 2,47,012 tonne of oilm
China was the top buyer of Indian rapeseed meal before the ban was imposed in 2011 over quality concerns