Oilmeal exports more than double to 1.66 lakh tonnes in Jan

The country's oilmeal exports more than doubled to 1,65,980 tonnes in January this year on sharp jump in soyabean meal shipments to Japan, Bangladesh and France, industry body SEA said today.
During the April-January period of this fiscal, the shipment of oilmeal increased to 13,35,894 tonnes from 13,00,465 tonnes in the year-ago period.
The country had shipped 71,890 tonnes of oilmeal, which is used as animal feed, in January last year.
As per the latest data released by Mumbai-based Solvent Extractors Association of India (SEA), the country exported a significant quantity of soyabean meal in January this year, while the shipments of other oilmeals remained low.

A total of 1,55,160 tonnes of soyabean meal was exported in January 2017 as against 28,400 tonnes in the same period last year.
Much of the soyabean meal was exported to Japan at 47,700 tonnes, followed by Bangladesh (44,000 tonnes), France (35,700 tonnes) and Indonesia (6,435 tonnes) in the said period.

Of total soyabean meal exported, 1,15,265 tonnes was shipped to South East Asian countries, 35,900 tonnes to Europe and 3,995 tonnes to the Middle East, the data showed.
Export of castorseed meal also increased to 5,263 tonnes in January from 3,349 tonnes in the year-ago period. Maximum shipped to Taiwan.

However, the shipment of ricebran extraction fell to 3,000 tonnes from 38,151 tonnes, while export of rapeseed meal declined to 2,261 tonnes from 1,990 tonnes in the said period.
South Korea and Vietnam are the top two destinations for export of oilmeal for India.