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India's rapeseed oil meal export from April to December up by 56%: SEA

India's rapeseed oil meal export from April to December up by 56%: SEA

India's rapeseed meal export has increased sharply by 56% during first three quarters of the 2018-19 fiscal, with South Korea, Vietnam and Thailand accounting for major imports, said Solvent Extractors Association (SEA) release.

The SEA release said: "The export of oilmeals during December 2018, provisionally reported at 303,115 tonnes compared to 391,431 tonnes in December 2017. The overall export during April to December 2018 is reported at 2,387,028 tonnes compared to 2,246,989 tonnes during the same period of last year i.e. up by 6%. The export of rapeseed meal is sharply increased to 821,777 (461,937) tonnes in first nine months, mainly exported to South Korea, Vietnam and Thailand."

SEA said that 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 to December 2018, about 3.0 lakh tonnes of soybean meal shipped against last year just 23,000 tonnes, supporting export of oilmeals from India.

Source :- Dailyshippingtimes.com

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