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regular-article-logo Thursday, 24 April 2025

India eyes Chinese market as global rapeseed meal prices surge amid US tariffs

India, the world's third-largest rapeseed producer, historically exported over 2 million tonnes of rapeseed meal annually

PTI Published 20.04.25, 04:14 PM
Representational picture.

Representational picture. Shutterstock picture.

India may become a key supplier of rapeseed meal to China if Beijing eases its stringent trade restrictions on the commodity, according to industry body Solvent Extractors Association of India (SEA).

A shortage of rapeseed meal in the European Union has driven global prices significantly higher. China, a major consumer, currently imports the protein-rich animal feed primarily from Canada and the EU.

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"Given the current supply constraints and rising prices, India has a renewed opportunity to explore and recapture its lost share in the Chinese market," Mumbai-based SEA said in a statement.

Indian rapeseed meal is currently priced at USD 209 per tonne free alongside ship (FAS) at Kandla port, substantially lower than the USD 335 per tonne being quoted ex-Hamburg in the international market.

"Leveraging this opportunity could not only boost India's exports but also help stabilize prices in the international market," SEA added.

India, the world's third-largest rapeseed producer, historically exported over 2 million tonnes of rapeseed meal annually.

However, China has accounted for less than 1 per cent of that volume due to higher prices and previous trade restrictions.

Except for the headline, this story has not been edited by The Telegraph Online staff and has been published from a syndicated feed.

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