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Oilmeal exports from the country rose by 24.5% in December

05 Jan 2012 Evaluate

As per the data released by Solvent Extractors' Association of India, country's oilmeal exports in December rose 24.5% to 953,526 metric tons due to higher oilseed output, a weak rupee and firm demand from Vietnam, Japan and South Korea. India exports oilmeal mainly to Southeast Asia.

Total oilmeal exports during the first nine months of this fiscal year which will end on March 31 rose to 3.87 million tons compared to 3,147,512 tonnes during the same period last year - up by 23%. Oilmeal import by Japan from India during April-December 2011 were reported at 938,317 tonnes as compared to 849,370 tonnes last year consisting of 908,809 tonnes of soybean meal and 29,508 tonnes of rapeseed meal. While, Vietnam imported 700,472 tonnes of oilmeals as compared to 542,676 tonnes last year consisting of 538,602 tonnes of soyabean meal, 36,245 tonnes of rapeseed meal and entire quantity of 125,625 tonnes of rice bran extraction.

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