Oilmeals exports up 4% in Sept after falling 5-months in row

After falling for five months in a row, oilmeals exports rose marginally by 4 per cent to 1,13,913 tonnes in September even as soyabean meal shipments remained at a historical low, industry body SEA said today.
The country had shipped 1,09,521 tonnes of oilmeals, used as animal feed, in the same period last year.
However, oilmeals exports in the first six months of the 2015-16 fiscal declined 29 per cent to 7,23,661 tonnes from 10,24,370 tonnes in the year-ago period, Mumbai-based Solvent Extractors Association (SEA) said in a statement.
"The export of soyabean meal is at a historical low during the current year and reduced month by month and reported at 42,743 tonnes compared to 1,11,027 tonnes in the first six months of the 2015-16 financial year," it said.

The industry body said that soyabean crushing has also very much reduced due to continuous disparity in domestic price, affecting overall availability of both oils and meals.
As a result, capacity utilisation is at the lowest and many plants are closed down due to disparity in crushing and export, it added.

As per the SEA data, the country exported 60,211 tonnes of rapeseed meal, 39,110 tonnes of castorseed meal, 7,500 tonnes of ricebran extraction, 6,886 tonnes of soyabean meal and 206 tonnes of groundnut meal during September 2015.
In the April-September period of the 2015-16 fiscal, soyabean meal exports dropped sharply to 42,743 tonnes from 1,11,027 tonnes in the year-ago period.

Similarly, the shipment of rapeseed meal exports fell to 2,79,369 tonnes from 5,86,352 tonnes in the said period.
However, export of ricebran extraction increased to 1,48,906 tonnes in April-September of this fiscal from 1,00,838 tonnes in the same period last year, while the shipment of castorseed meal increased to 7,23,661 tonnes from 10,24,370 tonnes in year-ago.
Exports to South Korea increased marginally to 4,81,827 tonnes in April-September this year from 4,78,555 tonnes in the year-ago period. Similarly, the shipments to Vietnam rose 22 per cent to 1,32,144 tonnes from 1,08,194 tonnes in the said period.
The shipments to Thailand declined sharply to 17,951 tonnes in April-September of this year from 94,009 tonnes in the year-ago period.

India exports oilmeal to countries including South Korea, Thailand, Vietnam, Taiwan, Indonesia, Iran and European nations.