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Oilmeal export earnings rises 48% to Rs 4,758 crore in 2017-18

09 May 2018 Evaluate

The earnings from oilmeal exports have increased by 48% and stood at Rs 4,758 crore during the year 2017-18 as compared to Rs 3,219 crore last year. As per data compiled by the Solvent Extractors Association of India (SEA), the growth in the export earnings is on back of higher export of rapeseed meal at 663,988 tonnes, which more than doubled over previous year; ricebran extractions at 594,129 tonnes (up 77%) and castorseed meal at 572,762 tonnes (up 39%).

The export of rapeseed meal, de-oiled rice bran, castorseed meal and groundnut meal touched 1,837,720 tonnes valued at Rs1,850 crore as against 965,011 tonnes in 2016-17 worth Rs 984 crore.

Among the major export destinations for India’s oilmeals were South Korea, France, Bangladesh and Vietnam.


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