- India’s rapeseed meal exports to China surged to 581,800 tonnes in Jan–Oct from just 14,900 tonnes a year earlier, transforming China into the key growth driver.
- Total Indian rapeseed meal exports still rose to 1.25 million tonnes despite sharp declines in shipments to South Korea and Bangladesh.
- For Black Sea exporters, the shift is neutral to bearish as India’s competitive offers into Asia may cap upside for sunflower and rapeseed meal prices.
Market Update
India has fundamentally reshaped its rapeseed meal export flows over the first ten months of the year, according to preliminary data from the Solvent Extractors’ Association of India (SEA). Total exports climbed to 1.25 million tonnes, up from 1.18 million tonnes in the same period last year, with growth overwhelmingly driven by China.
Exports to China reached 581,800 tonnes in Jan–Oct, a sharp jump from just 14,900 tonnes a year earlier. This reflects strong Chinese feed demand and India’s increasing competitiveness as a regional supplier. At the same time, shipments to traditional destinations South Korea and Bangladesh dropped steeply, even as overall export volumes edged higher.
South Korea has reportedly diversified its purchases toward Canadian and Japanese origins, while Bangladesh has partly replaced imports by boosting domestic rapeseeds processing. The net result is a notable reorientation of Indian rapeseed meal flows within Asia.
Indian Rapeseed Meal Exports (Jan–Oct)
| Destination | This Year (tonnes) | Last Year (tonnes) | Change |
|---|---|---|---|
| China | 581,800 | 14,900 | +3,805% |
| South Korea | 131,300 | 307,400 | -57% |
| Bangladesh | 179,300 | 382,500 | -53% |
Analysis: Neutral to Bearish for Black Sea Meals
The surge in Indian rapeseed meal exports to China underscores solid underlying feed demand in Asia, which is fundamentally supportive for the broader oilseed meal complex. However, India’s aggressive participation in regional markets heightens competition, particularly against Black Sea sunflower and rapeseed meals.
For the Black Sea region, this development is neutral to bearish. Strong Chinese demand is offset by India’s price-competitive offers, which may cap upside potential and restrict market share gains for alternative origins into key Asian destinations. The global meal market thus remains highly competitive, with pricing power constrained by the increased weight of Indian supplies.
Source: Market Data
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