Oilmeal exports surge 23% in May

India recorded a 23-for every cent increase in oilmeal exports in May possibly, as compared to the similar month previous year. As for every provisional facts compiled by the Solvent Extractors’ Affiliation of India (SEA), export of oilmeals in May possibly is described at two,forty seven,879 tonnes as compared to two,01,768 tonnes in May possibly 2019.

The increase in exports is attributed to the sharp boost in rapeseed meal exports at 1,forty four,244 tonnes, nearly double from seventy two,895 tonnes recorded in May possibly 2019.

The overall export of oilmeals during the initial two months of this fiscal — April and May possibly — provisionally stood at 3,forty nine,880 tonnes, about 23 for every cent decreased as compared to four,56,353 tonnes in the corresponding time period previous year.

Knowledge confirmed that during the two months beneath review, oilmeal exports to key markets experienced described a decline. Indian oilmeal imports by Thailand dipped by more than eighty one for every cent to twelve,316 tonnes for April-May possibly as versus sixty five,584 tonnes in the similar time period previous year.

 

South Korea imported 16 for every cent less oilmeal at 1,forty five,772 tonnes as compared to 1,73,475 tonnes, although Vietnam imported eighty five,092 tonnes of oilmeals, about eighteen for every cent decreased than the 71,829 tonnes it did previous year. Oilmeal exports to the US also fell to 28,217 tonnes from 33,092 tonnes in the similar time period in the earlier year.

Notably, export of rice bran extracts elevated to sixty nine,895 tonnes during the time period, as versus 50,580 tonnes described previous year.

Soybean meal exports had been recorded at seventy two,554 tonnes for the time period, as versus 94,one zero one tonnes in the similar months previous year.

Castor seed meal exports plunged intensely from 1,eighteen,056 tonnes in April-May possibly 2019 to 41,694 tonnes in April-May possibly 2020.

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