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Exports of oilmeals drops by 56% to 75,393 tons during March 2018

09 Apr 2018 Evaluate

Oilmeals export dropped by 56% to 75,393 tons during March 2018 compared to 170,496 tons in March 2017, according to provisional figures released by the Solvent Extractors Association of India (SEA). The overall export of oilmeals, however, during FY18 had been revived and provisionally reported at 2,839,623 tons compared to 1,885,480 tons during FY17. This is on back of higher export of rapeseed meal (up by 26%), ricebran extractions (up by 27%) and castorseed meal (up by 51%).

In FY18, Vietnam imported 646,490 tons of oilmeals (compared to 345,745 tons) consisting of 42,897 tons of soybean meal, 92,293 tons of rapeseed meal and 511,300 tons of De-oiled Rice Bran Extraction. South Korea imported 752,799 tons of oilmeals (compared to 545,092 tons) consisting of 263,213 tons of rapeseed meal, 459,414 tons of castor meal and 30,172 tons of soybean meal.

Besides, Bangladesh imported 145,293 tons of oilmeals (compared to 230,588 tons) consisting of 27,127 tons of rapeseed meal, 5,857 tons of De-oiled Rice Bran Extractions and 112,309 tons of soybean meal.

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