As per SEA, India’s oil meal exports in May fell 33% from a year ago to 97,036 tonnes as shipments of soymeal and rapeseed meal dropped. Soymeal exports during May 2018 were reported down at 41,452 tonnes from 48,900 tonnes a year ago. The government is likely to raise import duty on soy oil to send positive price signals to farmers. Currently the import duty on crude soy oil is 30% import tax while that on refined soy oil is 35%.