Soymeal Export Offer Prices Remained High in February

18-Mar-2026 12:12 PM

Mumbai. The average unit export offer price for soymeal at Indian ports rose to $489 per tonne in February 2026—a figure significantly higher than the offer price of $435 per tonne in January and $370 per tonne in February 2025.

Consequently, this rendered the product considerably less competitive in the global market, leading to a lackluster export performance.

Similarly, the export offer price for rice bran extraction also increased from $144 per tonne in January to $160 per tonne in February. Conversely, the offer price for rapeseed meal declined from $248 per tonne to $239 per tonne, while the offer price for castor meal slipped from $84 per tonne to $92 per tonne. This trend was primarily driven by the fact that wholesale market prices for soybeans had risen during the January-February period.

During February 2026, the country exported a total of 258,000 tonnes of De-oiled Cake (DOC), comprising 113,000 tonnes of soymeal, 9,000 tonnes of rapeseed meal, 24,000 tonnes of rice bran extraction, 22,000 tonnes of castor meal, and 200 tonnes of groundnut extraction.

This total shipment volume represents a 22 percent decline compared to the 330,000 tonnes shipped in February 2025.