Oilmeals export up 9% in June quarter says SEA

As per the latest data compiled by Solvent Extractors' Association of India, the export of oilmeals during June 2018, provisionally reported at 166,833 tons compared to 251,124 tons in June 2017. The overall export during April to June 2018 is reported at 654,774 tons compared to 599,346 tons during the same period of last year i.e. up by 9%. The export of rapeseed meal is sharply increased to nearly 135,000 tons (90%), in first three months, mainly exported to South Korea and Thailand.

The ongoing trade dispute between USA and China has created a lot of uncertainty and forcing China to look out to other origins for their requirements of soybean and oilmeals. This has compelled China to relook its ban imposed for importing of oilmeals from India since 2012. This will open up Chinese market for India. Of course, this is subject to clarification about phytosanitory certificate for export of oilmeals from India. The Association has requested Ministry of Commerce to seek clarification from Chinese AQSIQ authority about phytosanitory certificate conditions. Prior to ban in 2012, China used to import nearly half a million tons of oilmeals viz. Rapeseed meal 3.5 to 4.0 lakh tons and 1.0 lakh tons of soybean meal from India.

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