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Informist, Tuesday, Mar. 17, 2026

MUMBAI – India's oil meal exports contracted on year in value terms in February while imports of silver and gold surged, according to data released by the commerce and industry ministry. Exports of coffee, fruits and vegetables, meat, dairy, poultry and rice rose during the month while those of oil meals, tobacco, and spices fell.

Imports of vegetable oil, non-ferrous metals and petroleum, crude and products rose in February, and those of pulses, cotton raw and cotton waste declined, according to the data.

Oil meal exports fell 33% to $71.77 million in February, down from $107.2 million a year ago. Exports of oilseeds fell by over 30% to $73.79 million in February from $105.81 million. Exports of tobacco fell by over 4% at $135.60 million and spices declined by over 19% on year to $348.76 million in February. Exports of meat, dairy, and poultry rose nearly 23% on year to $552.36 million during the month. Exports of gems and jewellery in February rose 4% on year at $2.64 billion from $2.53 billion. Rice exports rose nearly 1% to $1.20 billion in February, while exports of coffee rose nearly 32% to $235.74 million.

The value of gold imports surged nearly 219% to $7.45 billion last month and silver imports increased over 285% to $1.66 billion, the data showed. The import of cotton raw and cotton waste in February fell by over 59% on year to $40.50 million. Imports of pulses fell by over 38% on year to $303.93 million in February. Imports of petroleum, crude and products rose 9% on year to $12.97 billion. Imports of vegetable oil rose over 33% to $1.60 billion in February and non-ferrous metals rose nearly 31% to $2.34 billion.

APR-FEB

The value of oilmeal exports in Apr-Feb fell nearly 22% on year to $961.39 million. Oilseed exports fell by over 7% to $1.14 billion in the first 11 months of the current financial year. Exports of fruits and vegetables were up nearly 4% at $3.53 billion in Apr-Feb, while exports of meat, dairy, and poultry were up nearly 25% to $5.74 billion. Gems and jewellery exports fell nearly 3% to $26.16 billion in Apr-Feb.

The value of India's vegetable oil imports in Apr-Feb rose over 11% to $17.96 billion, while pulses imports declined nearly 36% to $3.23 billion. Imports of petroleum, crude and products were down 3% at $161.77 billion in Apr-Feb. Gold and silver imports in Apr-Feb were up nearly 29% and nearly 143% to $68.90 billion and $11.43 billion, respectively.  End

US$1 = INR 92.37

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Reshma Ravi

Edited by Saji George Titus

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