Export Of Oilmeals Falls 39% In September 2019

The Solvent Extractors' Association of India (SEA) has announced that the export of oilmeals during September 2019 is provisionally reported at 105,232 tons compared to 172,423 tons in September, 2018i.e. down by 39%. The overall export of oilmeals during April-Sept, 2019 is reported at 1,251,527 tons compared to 1,499,049 tons in April-Sept.,2018 i.e. down by 17%. This is mainly due to disparity in export of oilmeals, specifically soybean meal due to higher MSP. This make the domestic oilmeals expensive in international market compare to other origins.

During April-Sept.,2019 Vietnam imported 170,705 tons of oilmeals (compared to 293,001 tons);consisting of 3,070 tons of soybean meal, 107,183 tons of rapeseed meal and 59,933tons of De-oiled Rice Bran Extraction. South Korea imported 505,290 tons of oilmeals (compared to 463,145 tons); consisting 23,288 tons of soybean meal, 237,930 tons of rapeseed meal and 244,072 tons of castorseed meal. Thailand imported 125,472 tons of oilmeals (compared to 187,159 tons) consisting 106,342 tons of rapeseed meal, 17,581tons of Rice Bran Extractions and 1,549 tons of soybean meal.

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