Oilmeals export witness decline in June

  • 07-Jul-2018
  • Oilmeals export witness decline in June

The export of oilmeals during June 2018 has dropped by 33.56% as compared to June 2017 even though the overall export during April to June 2018 is reported at 654,774 tons compared to 599,346 tons during the same period of last year, up by 9%. The export of rapeseed meal is sharply increased to nearly 135,000 tons (90%), in first three months, mainly due to higher exports South Korea and Thailand. 

The ongoing trade dispute between USA and China has created a lot of uncertainty and forcing China to look out to other origins for their requirements of soybean and oilmeals. This has compelled China to relook its ban imposed for importing of oilmeals from India since 2012. This will open up Chinese market for India. Of course, this is subject to clarification about phytosanitory certificate for export of oilmeals from India, the Solvent Extractors' Association of India (SEA) said in a release issued on Friday. 

The Association has requested commerce ministry to seek clarification from Chinese AQSIQ authority about phytosanitory certificate conditions. Prior to ban in 2012, China used to import nearly half a million tons of oilmeals comprising rapeseed meal 3.5 to 4.0 lakh tons and 1.0 lakh tons of soybean meal from India. 

During April - June 2018 Vietnam imported 116,839 tons of oilmeals (compared to 86,458 tons); consisting of 7,160 tons of soybean meal, 32,506 tons of rapeseed meal and 77,173 tons of De-oiled Rice Bran Extraction. South Korea imported 132,618 tons of oilmeals (compared to 233,812 tons) ; consisting 121,741 tons of rapeseed meal, 10,303 tons of soybean meal and 574 tons of castor meal. Thailand imported 101,243 tons of oilmeals (compared to 35,169 tons); consisting 4,747 tons of soybean meal and 1,451 tons of Castor meal. 

Source:- Economictimes.indiatimes.com

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