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Oilmeals export dips by 34% to 1.37 lakh tonnes in June

08 Jul 2015 Evaluate

Oilmeals export during June 2015 is reported at 137,571 tons, down by 34%, compared to 207,753 tons in June 2014, according to data compiled by Solvent Extractors’ Association (SEA). The overall export of oilmeals during April-June 2015 is reduced and reported at 441,548 tons compared to 625,805 tons during the same period of last year i.e. down by 29%.

Soybean crushing is very much reduced due to continuous disparity and high price of domestic market, due to heavy speculation in future market vis-a-vis lower realization for meal and oil affecting overall domestic availability of both oils and meals. The export of soybean meal stood at 18,017 tons in April, 14,046 tons in May and only 2,098 tons in June 2015.

South Korea is a major importer from India. During April-June 2015, oilmeal export to South Korea is reported at 305,849 tons compared to 295,249 tons; consisting 137,645 tons of rapeseed meal , 167,992 tons of castor meal and 212 tons of soybean meal. Thailand imported 12,158 tons compared to 44,192 tons; consisting 10,500 tons of rapeseed meal, 1,238 tons of soybean meal and 420 tons of Deoiled rice bran extractions. Vietnam imported 59,516 tons compared to 56,279 tons last year; consisting of 392 tons of rapeseed meal , 480 tons of soybean meal and 58,644 tons of Deoiled rice bran extraction.


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