Oilmeals export up 29 per cent in H1 this economic by admin- Thursday, October 19th, 2023 06:33:46 AM
Soyameal, rapeseed meal useful resource the uptrend however rice bran extraction shipments fall
India exported 22.76 lakh tonnes (lt) of oilmeals all through April-September of 2023-24 against 17.Sixty two lt in the corresponding period a 12 months ago, registering a increase of 29.15 consistent with cent.
Data supplied by way of the Solvent Extractors’ Association of India (SEA) confirmed that India exported three.30 lt of oilmeals all through September 2023 in opposition to 2.Forty lt in September 2022, up 37.35 per cent.
Also Read: Oilmeals export up by 25.Seventy four% in August
BV Mehta, Executive Director of SEA, said India changed into outpriced within the international market in the case of soyabean meal remaining 12 months. India exported 5.86 lt of soyabean meal for the duration of the first six months of 2023-24 towards 1.21 lt in the corresponding period of 2022-23.
Export of rapeseed meal elevated to 13.Forty four lt at some stage in April-September 2023-24 towards 12.Forty lt at some point of the length. Castor seed meal export from India increased to 1.Eighty one lt within the first half towards 1.54 lt a year ago.
Rice bran shipments down
However, there was a decline in the export of ricebran extractions for the duration of the first six months of the modern economic 12 months. India exported 1.Fifty one lt of ricebran extractions in the course of April-September 2023-24 towards 2.04 lt in the corresponding duration of 2022-23.
Mehta stated India exports round five-6 lt of de-oiled ricebran every year to Vietnam, Bangladesh, Thailand, and so on.
Also Read: As soyameal shipments revive, oilmeals export up 28% in April-July
Stating that India exported around 1.Five lt throughout April-July 2023-24, he said the Government prohibited export of of de-oiled ricebran with effect from July 28 until November 30. This selection has significantly affected domestic ricebran processors and export of de-oiled ricebran, he said.
Korea top client
Oilmeals from India are exported to countries including South Korea, Thailand, Vietnam and Bangladesh.
South Korea imported 4.Sixty two lt of oilmeals from India at some point of the first six months of 2023-24 (5.29 lt in April-September of 2022-23). This protected three.Forty one lt of rapeseed meal, 98,080 tonnes of castorseed meal, and 23,091 tonnes of soyabean meal.
Vietnam imported 3.02 lt of oilmeals from India at some stage in April-September 2023-24 (three.Eleven lt). This included 90,540 tonnes of ricebran extraction, 1.Sixty two lt of rapeseed meal, forty nine,162 tonnes of soyabean meal, and 748 tonnes of groundnut meal.
Thailand imported three.Seventy four lt of oilmeals from India at some point of the primary six months of 2023-24 (3.58 lt). This included three.63 lt of rapeseed meal, 6,193 tonnes of soyabean meal, four,666 tonnes of ricebran extraction, and 701 tonnes of castorseed meal.
Bangladesh imported four.35 lt of oilmeals from India at some point of April-September 2023-24 (1.Eighty one lt). This blanketed 27,771 tonnes of ricebran extractions, 2.38 lt of rapeseed meal, and 1.68 lt of soyabean meal.