The export of oilmeals fell by 74% and stood at 53,866 tonnes last month due to a sharp fall in soyabean and rapeseed meal shipments, as per data compiled by industry body Solvent Extractors Association (SEA). The country had shipped 208,436 tonnes of oilmeals, used as animal feed, in the same period last year. The overall export of oilmeals during the April-February period of this fiscal fell 52% to 10.92 lakh tones (LT) compared to 22.56 LT in the previous year.
The soyabean exports declined to 1,127 tonnes in February this year, from 64,514 tonnes in the year-ago period. Similarly, rapeseed meal exports dropped to 9,803 tonnes from 62,545 tonnes, while that of ricebran extraction declined to 2,000 tonnes from 29,820 tonnes in the said period. The export of castorseed meal also declined to 40,440 tonnes in February this year from 51,494 tonnes in the year-ago period.
India exports oilmeals to countries including South Korea, Vietnam, Thailand, Taiwan, Indonesia, Oman and Myanmar.