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India’s Oilmeals Exports Down 43 Per Cent

India’s Oilmeals Exports Down 43 Per Cent

21 October 2014

INDIA - India’s oilmeals export has recorded a drop of 43 per cent for the first half ended September 30, 2014 (April to September) at 950,599 tonnes.

During the same period last year, oilmeals exports were recorded at 1.65 million tonnes, Solvent Extractors’ Association of India (SEAI) said in a statement recently.

During September 2014, export of oilmeals reported a drop of 73 per cent to 82,749 tonnes, as compared to 301,717 tonnes exported in September 2013.

Export of soybean meal greatly reduced in last six months due to lower crop than expected resulted in to high cost of soybean in local market that lead to total disparity for soybean meal in international market, SEAI statement adds.

However, SEAI said that share of rapeseed meal has increased from 417,668 tonnes to 572,352 tonnes in last 6 months.

Oilmeal import by South Korea during April-September was reported a drop of 53,623 tonnes at 464,555 tonnes, as compared to 518,178 tonnes, consisting 258,729 tonnes of rapeseed meal, 204,082 tonnes of castor meal and 1,744 tonnes of soybean meal.

Imports from Iran were down to 142,357 tonnes, against 571,171 tonnes imported last year consisting of 35,500 tonnes of soybean meal and 106,857 tonnes of rapeseed meal.

Thailand imported 94,009 tonnes of oilmeals, as compared to 100,248 tonnes, consisting 91,602 tonnes of rapeseed meal and 2,407 tonnes of soybean meal.

Vietnam imported 70,051 tonnes, against 72,622 tonnes imported last year consisting of 22,684 tonnes of rapeseed meal, 5,772 tonnes of soybean meal and 41,331 tonnes of rice bran extraction.

Taiwan imported 39,528 tonnes, as compared to 45,817 tonnes of last year consisting of 25,296 tonnes of rapeseed meal and 14,194 tonnes of castor meal and small quantity of 38 tonnes of soybean meal.

Europe imported 42,209 tonnes, as compared to 196,744 tonnes of last year.

TheCropSite News Desk



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