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Oilmeals Export Gains 24% In April-July 2018

Capital Market 

According to a latest update from the (SEA) of India, the total export of oilmeals was reported at 148983 tonnes in July 2018, recording a spurt of 18.33% compared to July 2017. The overall export during April-July 2018 was reported at 898871 tonnes, up nearly 24% over the comparable period last year.

The SEA noted that export of meal jumped sharply, recording a spurt of 90% in last three months due to strong demand from South Korea, and The ongoing trade dispute between US and has created a lot of uncertainty and is forcing to look out to other origins for their requirements of and oilmeals. This has compelled to relook its ban imposed for importing oilmeals from since 2012, according to the SEA.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 08 2018. 14:55 IST