India exported 397,786 tonnes of oilmeals in March, 2014, down by 8% compared to 430,407 tonnes in March, 2013, as per report compiled by Solvent Extractors’ Association of India. The overall export of oilmeals during April 2013 to March 2014 in term of quantity is reported at 4,331,450 tonnes compared to 4,846,013 tonnes during the same period of last year, down by 11%. In value terms, the total earning stood at Rs 11,450 crore compared to Rs 11,800 crore in 2012-13, marginally down by 3%.
Oilmeal import by South Korea from India during April’13 to March’14 is reported at 1,165,107 tonnes compared to 907,082 tonnes last year consisting of 516,230 tonnes of rapeseed meal, 496,138 tonnes of castor meal and 152,739 tonnes of soybean meal. Iran imported 1,243,114 tonnes compared to 886,776 tonnes, consisting 1,234,452 tonnes of soybean meal, and 8,662 tonnes of rapeseed meal. Thailand imported of 313,271 tonnes compared to 450,360 tonnes, consisting 152,951 tonnes of soybean meal, and 160,320 tonnes of rapeseed meal.
The overall export in term of quantity reduced by 5.1 lakh tonnes (11%) to 43.3 lakh tonnes from 48.5 lakh tonnes. In term of value, the total earning stood at Rs 11,450 crore compared to Rs 11,800 crore in 2012-13, marginally down by 3% in rupee terms. In dollar terms the total earning stood at $1.87 billion in 2013-14 compared to $2.18 billion in 2012-13, down by 14%.