India’s oilmeal exports up 85 per cent in the first half of 2017-18

India’s oilmeal exports increased by 85.35% to over 11 lakh tonnes in April- September this fiscal on higher domestic output and better global prices, industry body Solvent Extractors Association (SEA) said in a statement.

The shipments of oilmeal, used as animal feed, stood at 5.94 lakh tonnes during the year.

Oilmeal exports have “revived” to some extent this year owing to higher oilseeds output last year on account of good rains after two straight years of drought, SEA said.

Better price parity in the global market also gave a boost to shipments, it said while noting that though there is improvement in exports this year, it is still lower than that seen in earlier years.

In the first half of this fiscal, soybean meal export rose to 3,97,364 tonnes from 75,720 tonnes in the year-ago period.

Castorseed meal exports rose to 2,86,090 tonnes from 2,22,137 tonnes, Rapeseed meal shipments jumped to 2,62,832 tonnes from 1,37,552 tonnes, while that of Groundnut meal rose marginally to 618 tonnes from 512 tonnes in the said period.

However, the shipment of Ricebran extraction remained slightly down at 1,54,785 tonnes in April-September this year compared to 1,58,608 tonnes in the year-ago period.

South Korea, Europe, Thailand, Myanmar and Germany are major export destinations for oilmeal exports.

Kandla port in Gujarat handled the maximum oilmeal exports at 55 per cent followed by Mundra port, again in Gujarat that handled 18 per cent of the total exports. Mumbai including JNPT and Kolkata ports handled 12 per cent exports each.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *