Oilmeals export falls by 16 per cent in November
The export of oilmeals during November 2018, provisionally reported at 311,739 tons compared to 369,522 tons in November 2017, down by 16% according to data published by the Solvent Extractors’ Association of India (SEA) . The overall export during April to November 2018 is reported at 2,043,282 tons compared to 1,855,558 tons during the same period of last year- up by 10%. The export of rapeseed meal is sharply increased to 745,901 (392,463) tons in first eight months, almost doubled mainly exported to South Korea, Vietnam and Thailand.
The SEA release added "We understand from Ministry of Commerce/Export Inspection Council of India that China will resume import of Rapeseed Meal from India. Those five units already approved by General Administration of Customs of the People’s Republic of China, GACC ( formely AQSIQ) will able to resume the export of Rapeseed Meal to China once their registration with Chinese Ministry of Agriculture (MoA) is done which is cumbersome process and takes a long time. In case of resumption of export of Soybean Meal from India to China, may take some more time as Chinese GACC team likely to visit during current month to inspect/approve the units. Prior to ban in 2012, China used to import nearly half a million tons of oilmeals viz. Rapeseed meal 3.5 to 4.0 lakh tons and 1.0 lakh tons of soybean meal from India."
The release further added that the Iranian market has opened up for Indian soybean meal. During current year from April to November 2018, about 2 lakh tons of soybean meal shipped against last year just 23,000 tons, supporting export of oilmeals from India.
Source :- Economictimes.indiatimes.com