Export of Oilmeals down by 29% in April - September 2015

The Solvent Extractors' Association of India has compiled the export data for export of oilmeals for the month of September 2015. The export of oilmeals during September 2015 is reported at just 113,913 tons compared to 109,521 tons in September 2014 i.e. up by 4%. The overall export of oilmeals during April-September 2015 is reduced and reported at 723,661 tons compared to 1,024,370 tons during the same period of last year i.e. down by 29%. Soybean crushing is very much reduced due to continuous disparity and high price of domestic market affecting overall domestic availability of both oils and meals. The export of soybean meal is at a historical low during current year and reduced month by month and reported 42,743 tons compared to 111,027 tons during the first six month of the financial year 2015-16. Capacity utilization is at the lowest and many plants are close down due to disparity in crushing and export.

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