The Solvent Extractors’ Association of India (SEA) in its latest provisional data has showed that the export of oilmeals fell by 42.98% to 141,779 tons in February 2019, as compared to 248,663 tons in February 2018. However, the overall export during April 2018 to February 2019 stood at 2,786,574 tons as compared to 2,765,320 tons during the same period of last year, registering a marginal rise of 0.77%.
The export of rapeseed meal is sharply increased to 962,990 tons in first eleven months, as compared to 538,988 tons in the corresponding 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.
South Korea, France, Vietnam and Thailand were the major importers of Oilmeals. During April-February 2019 period, Vietnam imported 542,930 tons, South Korea imported 686,095 tons, Thailand imported 279,451 tons, and France import 106,640 tons. Iranian market has opened up for Indian soybean meal. During the reporting period, about 3.0 lakh tons of soybean meal shipped against last year just 23,000 tons, supporting export of oilmeals from India.
Port-wise, the export from Kandla is reported at 1,339,384 tons (48%), followed by Mumbai including JNPT handled 327,417 tons (12%), Mundra handled 384,539 tons (14%), Kolkata handled 368,963 tons (13%) and others including Hazira and Pipavav handled 366,271 tons (13%).
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