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India’s Oilmeal Exports Down 31 per cent

11 July 2014

INDIA - India’s oilmeal exports have posted negative growth of 31 per cent at 592,850 tonnes for the first quarter ended June 30, 2014 (April to June).

During the same period last year, exports of oilmeal were recorded at 856,686 tonnes, Solvent Extractors’ Association of India (SEAI) said in a quarterly report.

In June 2014, export of soybean meal drastically reduced to just 2,637 tonnes, lowest in the history, however export of rapeseed meal and castor meal saved the situation and reported at 193,313 tonnes compared to 360,822 tonnes in June 2013, the statement adds.

SEAI said, export of soybean meal reduced due to poor availability of soybean coupled with high price lead to total disparity in international market.

South Korea, Iran and Thailand were the major importers of oilmeal during the first quarter.

Oilmeal import by South Korea during April-June was reported at 295,249 tonnes, against 304,745 tonnes, consisting 142,750 tonnes of rapeseed meal, 152,062 tonnes of castor meal and 617 tonnes of soybean meal.

Iran imported of 102,275 tonnes, as compared to 260,734 tonnes last year consisting of 35,500 tonnes of soybean meal and 66,775 tonnes of rapeseed meal, the statement adds.

Thailand imported of 44,192 tonnes, as compared to 55,810 tonnes, consisting 41,800 tonnes of rapeseed meal and 2,392 tonnes of soybean meal.

Viet Nam imported 29,664 tonnes, compared to 37,156 tonnes last year consisting of 16,091 tonnes of rapeseed meal, 3,462 tonnes of soybean meal and 10,111 tonnes of rice bran extraction.

Taiwan imported 20,866 tonnes, against compared to 27,521 tonnes of last year consisting of 13,995 tonnes of rapeseed meal and 6,833 tonnes of castor meal and small quantity of 38 tonnes of soybean meal.

Import from Europe drastically reduced to 36,017 tonnes during the first quarter compared to 109,062 tonnes imported during the same period last year, SEAI statement said.

 

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