Oilmeal exports rose 31% to ₹6,222 cr in FY19, says SEA

Oilmeal exports rose 31% to ₹6,222 cr in FY19, says SEA

by admin- Tuesday, April 16th, 2019 07:28:05 AM

Export of oilmeals rose by 31 per cent to Rs 6,222 crore during the last monetary yr on better volumes as well as fee realisation, industry facts confirmed.

The country had exported oilmeals really worth Rs four,762 crore throughout the 2017-18 monetary, according to the Solvent Extractors’ Association of India (SEA) data. In extent phrases, the exports expanded 6 in line with cent to 3.2 million tonnes in the 2018-19 monetary yr from 3.02 million tonnes inside the preceding year.
Shipment of rapeseed meal rose sharply to ten,51,869 tonnes from 6,sixty three,988 tonnes. South Korea, Vietnam and Thailand were foremost importers of rapeseed meal. The export of soyabean meal additionally rose to 13,37,215 tonnes during the last financial from 11,87,818 tonnes inside the preceding 12 months.

However, the outward shipment of rice-bran meal dropped to four,40,927 tonnes from 594,129 tonnes. The export of castorseed meal become down to a few,67,084 tonnes from 5,seventy two,762 tonnes.

The essential importers of Indian oilmeals were Vietnam (6,15,403 tonnes), South Korea (7,38,795 tonnes), Thailand (3,02,619 tonnes), Taiwan (1,19,794 tonnes) and Iran (5,08,050 tonnes). Iranian market has over again opened up for Indian soybean meal. During the ultimate economic, Iran imported over five lakh tonnes of soyabean meal as towards just 23,000 tonnes within the preceding yr.

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