Export Of Oilmeals Tanks 73% Over Year In August

As per the latest update from Solvent Extractor's Association of India (SEA), the export of oilmeals during August 2019 is provisionally reported at 98,871 tons compared to 359,752 tons in August, 2018 i.e. down by 73%. The overall export of oilmeals during April-Aug., 2019 is reported at 1,016,682 tons compared to 1,326,626 tons in April-Aug., 2018 i.e. down by 23%. This is mainly due to higher price of domestic produce soybean meal, thanks to higher MSP of soybean. This make the domestic oilmeal expensive in international market compare to other origins. The export of castorseed meal has increased to 247,820(188,040) tons, mainly exported to South Korea.

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