The Solvent Extractors' Association of India (SEA) in its latest report has showed that oilmeal exports of India inched up by 9% in the first six months of the ongoing financial year (H1FY19), on the back of sharp increase in shipments of rapeseed meal. As per the data, the country exported 14,03,382 tonne during April-September 2018 as against 12,84,788 tonnes in the same period last year.
The data also showed that rapeseed meal exports doubled to 6,01,105 tonne in the April-September 2018 from 3,00,627 tonne in the year-ago period. South Korea, Vietnam and Thailand were major importers. However, exports of soybean meal fell to 3,92,736 tonne from 4,89,926 tonne during the period under review.
Exports to Vietnam rose 24% to 2,77,406 tonne in reporting period. Thailand imported 1,67,101 tonne during April-September 2018 as against 76,895 tonne in the year-ago period. Exports to France more than doubled to 76,704 tonne from 35,520 tonne earlier. Germany imported 85,100 tonne from India during the period under review from 42,612 tonne in the year-ago six months. Exports to South Korea rose marginally by 3% to 4,41,119 tonne from 4,27,126 tonne in the year-ago period.