India’s export of oilmeals in October 2019 has dropped via fifty five% to a hundred and five,half tonnes in comparison to 233,867 tonnes in October, 2018, consistent with figures released the Solvent Extractors’ Association of India (SEA).

The ordinary export of oilmeals at some point of April-October, 2019 is reported at 1,392,564 tonnes as compared to 1,732,916 tonnes inside the same length final year, down through 24%. This is specifically because of disparity in export of oilmeals, particularly soybean meal because of better MSP of beans which makse the domestic soybean meal high-priced in global market compared to other origins.

During April-October 2019 Vietnam imported 192,440 tons of oilmeals (in comparison to 338,292 tonnes) which include 3,668 tonnes of soybean meal, 124,590 tonnes of rapeseed meal and sixty four,182 tonnes of de-oiled rice bran extraction.

South Korea imported 557,510 tonnes of oilmeals (compared to 472,935 tonnes) consisting 27,326 tonnes of soybean meal, 253,523 tonnes of rapeseed meal and 276,661 tonnes of castorseed meal. Thailand imported one hundred thirty,715 tonnes of oilmeals (as compared to 198,798 tonnes) which includes 111,367 tonnes of rapeseed meal, 17,581 tonnes of Rice Bran Extractions and 1,767 tonnes of soybean meal, the file stated.