India’s total oilmeal exports contracted by 28.51 percent year-on-year to 1.28 million tonnes during the April-August period of FY27, heavily impacted by a steep 73 percent collapse in soybean meal shipments. Data compiled by the Solvent Extractors’ Association of India (SEA) revealed that outbound soybean meal volumes dropped to 205,000 tonnes from 757,000 tonnes in the previous year, as Indian offerings traded at approximately $622 per tonne against competitive global benchmarks near $445 per tonne. Aggressive pricing from South American producers in Argentina and Brazil successfully captured major international market share, while robust domestic livestock feed demand and persistent Red Sea shipping bottlenecks further constrained export capability. Despite the broader slump, rapeseed meal exports offered a partial buffer, maintaining steady volumes around 8.8 lakh tonnes directed primarily toward key Asian buyers including China, Bangladesh, South Korea, and Vietnam.