India's Oilmeal Exports Dip Due to Soybean Meal Decline

India exported less oilmeal in August.

This is because they sold less soybean meal, which is used for animal feed.

The drop is partly because soybean farmers are growing other crops instead.

On the other hand, India is exporting more rapeseed meal, thanks to high demand from China, because it is cheaper than other options.

The government's ban on exporting de-oiled ricebran is also affecting prices and supply.

The industry is requesting the government lift the ban to deal with excess ricebran.