Oilmeals export rises 6% YoY in FY19: SEA

Published on : April 08, 2019 Topic : Export
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The export of oilmeals during April 2018 to March 2019 is reported at 3,205,768 tons compared to 3,026,628 tons during the same period of last year - up by 6 per cent, according to data compiled by the Solvent Extractors’ Association of India.

The export of oilmeals during March 2019, provisionally reported at 263,817 tons compared to 261,308 tons in March 2018.

The export of rapeseed meal is sharply increased to 1,051,869 (663,988) tons in FY19. This has mainly been exported to South Korea, Vietnam and Thailand, while soybean meal export is also improved and reported at 1,337,215 tons from the pervious year 1,187,818 tons in 2017-18. In term of the total earning has increased to Rs. 6221.95 crores compared to 4761.80 crores, up by 31 per cent.

Iranian market has once again opened up for Indian soybean meal. During the period April 2018 to March 2019, over 5.0 lakh tons of soybean meal shipped as against last year just 23,000 tons. It seems again Iranian feed Industries looking at India for their requirement of soybean meal, supporting export of oilmeals from India.

 

Source: The Economic Times
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