India's export of oilmeals during January 2016 is reported ever lowest at 17,243 tons, down 91% as compared to 185,654 tons in the same month of previous year, according to data compiled by Solvent Extractors' Association (SEA).
The overall export of oilmeals during April 2015 to January 2016 is more than halved to 1,005,085 tons. India exported 2,047,937 tons of oilmeal during the same period of last year and 3,646,095 tons in 2013-14.
Soybean crushing is very much reduced due to continuous disparity and high price of domestic market, affecting overall domestic availability of both oils and meals. The export of soybean meal is reported at just 69,263 tons during the first ten months of the financial year 2015-16 compared to 549,162 tons in the previous year 2014-15 and 2,375,231 tons during the same period of 2013-14.