SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

India reports 98% jump in Oilmeal exports in October

08 Nov 2016 Evaluate

India has reported 98% surge in exports of Oilmeal at 67,779 tonnes in October on the back of higher demand for rapeseed meal and castor seed meal. The country had shipped 34,168 tonnes of oilmeal, used as an animal feed, in October last year.

The oilmeal exports have revived after two months. Exports had come in at 63,123 tonnes in August and 96,223 tonnes in September this year, but the growth was muted in year-on-year terms.

In October 2016, rapeseed meal export rose to 23,720 tonnes, from 3,079 tonnes in the year-ago period. Unlike the year-ago period, the castor seed meal shipments were to the tune of 31,025 tonnes in October this year. However, export of soyabean meal fell to 3,177 tonnes, from 4,237 tonnes, while shipment of rice bran extraction too declined to 9,343 tonnes from 26,852 tonnes in the said period.

During April-October this fiscal, oilmeal exports dropped 29 per cent to 5,54,147 tonnes as against 7,83,565 tonnes in the year-ago period. The fall in exports was due to lesser availability of oilseeds for crushing and continuous disparity in exporting oilmeals in the international market. South Korea and Vietnam are the top two destinations for export of oilmeal for India.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×