Export of Oilmeals up by 75% during April - May 2017

The export of oilmeals during May 2017 is reported at 97,871 tons compared to 57,954 tons in May 2017 i.e. up by 69%, as per the data complied by The Solvent Extractors' Association of India . The overall export of oilmeals during April - May 2017 provisionally reported at 301,569 tons compared to 171,932 tons during the same period of last year i.e. Up by 75%.

In last two months the export of oilmeals improved compared to the previous year, thanks to good monsoon, better oilseeds production and price parity. In percentage terms export showing improvement, but still its lower compared to earlier years, which can be seen from the below table. It may be also noted that India faced drought years during 2014-15 and 2015-16, which lead to lower production of oilseeds and affecting export of oilmeals to a lowest level.

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