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Export of Oilmeals up by 54% during April - July 2017

Capital Market 

The export of oilmeals during July 2017 is reported at 39,122 tons compared to 108,638 tons in July 2016 i.e. down by 64%, as per the export data compiled by Solvent Extractors' Association of The overall export of oilmeals during April - July 2017 provisionally reported at 638,468 tons compared to 413,341 tons during the same period of last year i.e. Up by 54%.

In last three months the export of oilmeals improved compared to the previous year, thanks to good monsoon, better oilseeds production and price parity.

In percentage terms export showing improvement, but still it is lower compared to earlier years, which can be seen from the below table. It may be also noted that faced drought years during 2014-15 and 2015-16, which lead to lower production of oilseeds which affected export of oilmeals to a lowest level, however with good monsoon last year, export revived to some extent.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 08 2017. 14:38 IST