Oil meal exports up 12% in June

Oilmeals exports increased by 12% in June to 3.48 lakh tonnes on account of increase in shipments of castor meal, according to trade data released today.

Oilmeals export stood at 3,11,089 tonnes in June 2012, Solvent Extractors' Association said in a statement.

However, exports declined by 21% during the first quarter of the current fiscal to 8,50,951 tonnes as compared to 10,74,034 tonnes in the same period of previous year.

According to the data, the exports of soyameal has fallen drastically to 4,09,507 tonnes during April-June quarter of 2013-14 fiscal from 6,37,407 tonnes in the year-ago period.

Similarly ricebran oil fell by 65% in the first quarter of current fiscal from year-ago period, while rapeseed meal declined marginally during the period.

However, export of castor seed meal rose by 40% to 1,89,785 tonnes in the period under review.

Major importers of oilmeals from India are South Korea, Iran, Thailand, Vietnam, Indonesia and Japan.

Oilmeals exports to Japan fell maximum by 87% to 10,987 tonnes during first quarter of the current fiscal compared to 85,050 tonnes in the corresponding period of previous year.

Shipments to Vietnam, Indonesia, Thailand and Iran also fell during the review period.

Vietnam imported 31,421 tonnes of oilmeals during April- June quarter of this fiscal from India as compared to 1,19,593 tonnes in the year-ago period.