The Solvent Extractors' Association of India in its latest report has showed that oilmeals export increased by 5.5% to 283,850 tons in January 2019, as compared to 269,668 tons in January 2018. The overall export during April 2018 to January 2019 stood at 2,692,452 tons compared to 2,516,657 tons during the same period of last year, registering a growth of 7%.
The export of rapeseed meal is sharply increased to 897,537 tons in first ten months, as compared to 486,917 tons in the same period of last year, mainly exported to South Korea, Vietnam and Thailand. The export of rapeseed meal and soybean meal to China is unlikely to resume during current financial year as procedure for registration with MoA, China is too cumbersome, lengthy and time consuming to complete all formalities.
During April 2018 to January 2019, Vietnam imported 491,720 tons of oilmeals, South Korea imported 632,109 tons, Thailand imported 263,280 tons and France import 165,602 tons. Iranian market has opened up for Indian soybean meal. During current year from April 2018 to January 2019, about 2.8 lakh tons of soybean meal shipped against last year just 23,000 tons, supporting export of oilmeals from India.