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India’s oilmeals exports decrease by 58% to 84,143 tons in October

09 Nov 2018 Evaluate

The Solvent Extractors' Association of India in its latest provisional estimates has showed that total oilmeals exports of India decreased by 58% to 84,143 tons in the month of October 2018 as compared to 200,158 tons in October 2017. The overall export during April-October 2018 was 1,582,589 tons compared to 1,486,036 tons during the same period of last year, up by 6.5%.

Of the total oilmeals exports during October, exports of soybean meal were 33,898 tons and rapeseed meal was 25,234 tons, while rice bran ext. and castor seed meal exports were 6,250 tons and 18,761 tons, respectively. The export of rapeseed meal is sharply increased to 680,216 tons in first seven months (April-October 2018) from 323,358 tons (April-October 2017), almost doubled mainly exported to South Korea, Vietnam and Thailand.

The ongoing trade dispute between USA and China has created a lot of uncertainty and forcing China to look out to other origins for their requirements of soybean and other oilmeals. This has compelled China to relook its ban imposed for importing of oilmeals from India since 2012.  Prior to ban in 2012, China used to import nearly half a million tons of oilmeals that included Rapeseed meal 3.5 to 4.0 lakh tons and 1.0 lakh tons of soybean meal from India.

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