Oilmeal shipments from India advanced by 22% to Rs 3,178 crore during the last fiscal on higher sales. The country's oilmeal exports were valued at Rs 2,600 crore in 2015-16.According to the data compiled by the Solvent Extractors' Association of India (SEA), the total export of oilmeal during April 2016 to March 2017 in terms of quantity is reported at 1.865 million tonnes compared to 1.529 million tonnes during the same period of last year i.e. up by 22%.
Out of the total exports, the country shipped soyameal the maximum at 9,16,306 tonnes worth Rs 2,235.50 crore during the financial year 2016-17. Oilmeal export increased by 42% to 1,50,773 tonnes last month compared to 1,06,122 tonnes in March 2016.
South Korea imported 5,43,235 tonnes of oilmeal last fiscal, while Vietnam imported 3,28,348 tonnes, France 2,23,920 tonnes and Japan 1,92,575 tonnes. India exported 2,30,581 tonnes of oilmeal to Bangladesh.