Export of Oilmeals was down by 29% April - October 2016-SEA

The export of oilmeals during October 2016 is reported at 67,779 tons compared to 34,168 tons, as per the data compiled by The Solvent Extractors' Association of India (SEA). The overall export of oilmeals during April to October, 2016 is reported at 554,147 tons compared to 783,565 tons during the same period of last year i.e. down by 29% due to lesser availability of oilseeds for crushing and continuous disparity in exporting soybean meal in International Market.

Oilmeal import by South Korea from India during April-Oct., 2016 is reported at 378,064 tons compared to 481,827 tons; consisting 137,567 tons of rapeseed meal and 240,497 tons of castor meal. Vietnam imported 113,743 tons compared to 175,744 tons last year; consisting of 5,824 tons of rapeseed meal, 103 tons of soybean meal and 107,816 tons of Deoiled Rice Bran Extraction. Taiwan imported 16,988 tons compared to 22,340 tons last year; consisting of 7,082 tons of rapeseed meal, 827 tons of groundnut meal and 9,079 tons of castor meal. Myanmar imported 16,989 tons compared to 13,225 tons last year; consisting 3,039 tons of soybean meal , 2,845 tons of rapeseed meal, 10,906 tons of Deoiled Rice Bran Extraction and 199 tons of groundnut meal.

The export from Kandla is reported at 377,944 tons (68%), followed by Kolkata handled 122,022 tons (22%), Mumbai including JNPT handled 16,686 tons (3%), and Mundra handled 37,495 tons (7%).

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