Oilmeal exports up 104% in September

In the month, India exported 294,830 tonnes of oilmeal compared to 144,787 tonnes in year ago period

Exports of oilmeals in the month of September 2013 was up by 104% due to heavy import demand from Iran and Europe and South Korea coupled with depreciation in the rupee, Solvent Extractors' Association said in a press release. 

 

In the month of September, India exported 294,830 tonnes of oilmeal compared to 144,787 tonnes in the same period a year ago. 

 

Oilmeal imports by South Korea from India during April-September this year is reported at 518,178 tonnes compared to 459,303 tonnes last year, while Iran imported of 571,171 tonnes compared to 456,687 tonnes, Thailand imported of 100,248 tonnes compared to 119,596 tonnes. 

 

Vietnam and Indonesia have both decreased their oilmeal imports from India as both the countries have increased their crushing as well as India faces stiff competition from other countries as well, SEA said in a report. 

 

Vietnam imported 67,191 tonnes compared to 205,878 tonnes last year, while Indonesia imported 39,180 tonnes compared to 99,480 tonnes of last year. 

 

Europe has turned out to be bigger market for India. Europe and others have imported 196,744 tonnes compared to 31,326 tonnes of last year.