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India's oilmeals export rises 5.5 per cent in January

India's oilmeals export rises 5.5 per cent in January

The export of oilmeals during January 2019, has gone up by 5.5 per cent to 283,850 tons compared to 269,668 tons in January 2018, according to figures published by the Solvent Extractors' Association of India. 

The overall export during April 2018 to January 2019 is reported at 2,692,452 tons compared to 2,516,657 tons during the same period of last year i.e. up by 7 per cent . The export of rapeseed meal is sharply increased to 897,537 (486,917) tons in first ten months, mainly exported to South Korea, Vietnam and Thailand. 

The export of rapeseed meal and soybean meal to China is unlikely to resume during current financial year as procedure for registration with MoA, China is too cumbersome, lengthy and time consuming to complete all formalities. 

Iranian market has opened up for Indian soybean meal. During current year from April 2018 to January 2019, about 2.8 lakh tons of soybean meal shipped against last year just 23,000 tons, supporting export of oilmeals from India. 

Source :- Economictimes.indiatimes.com

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