Oilmeal exports remain flat in April-February period

Oilmeal exports during February 2019 stood at 141,779 tons compared with 248,663 tons inFebruary 2018, while the overall exports during April 2018 to February 2019 were reported at 2,786,574 tons against 2,765,320 tons during the same period in the preceding year, data released by Solvent Extractors’ Association of India (SEA) show.
The export of rapeseed meal sharply increased to 962,990 (538,988) ton in the first 11 months mainly aided by exports to South Korea, Vietnam and Thailand.
According to the association, the export of rapeseed meal and soybean meal to China is unlikely to resume during the current financial year as the procedure for registration with the country’s agriculture ministry is complex and time-consuming.
The Iranian market has opened for the Indian soybean meal. From April 2018 to February 2019, about 3.0 lakh tons of soybean meal was shipped to the country compared with just 23,000 tons last year, executive director SEA BV Mehta said.
During April 2018 to February 2019, Vietnam imported 542,930 tons of oil meals (compared with 638,188 tons last year); of which 36,973 tons was soybean meal, 181,560 ton of rapeseed meal, and 324,181 ton of rice bran extraction.
South Korea imported 686,095 tons of oilmeals (against 752,799 ton), of which 412,720 ton was rapeseed meal, 30,476 tonsoybean meal and 242,899 tons castor meal.
Thailand imported 279,451 tons of oilmeals (compared with 174,077 tons last year), of which 16,541 ton was soybean meal, 22,443 ton de-oiled rice bran extraction and 240,393 tons of rapeseed meal.
France import 106,640 tons of oilmeals (against 137,299 ton last year) consisting of 103,256 tons of soybean meal and 3,384 tons of Castor meal.
Exports from Kandla are reported at 1,339,384 tons (48%) followed by Mumbai, of which JNPT handled 327,417 ton (12%), Mundra 384,539 ton (14%), Kolkata 368,963 ton (13%) and others, including Hazira and Pipavav, 366,271 tons (13%).
Source: financialexpress