Exports of oilmeals in Aug increase by 94% : SEAI

Posted by Daily Shipping Times on 11-09-2017        Tweet

NEW DELHI: The Country’s export of oilmeals in August 2017 has been reported at 139,568 tonnes as compared to 71,879 tonnes in August 2016, an increase of 94%. The overall exports of oilmeals during April-August 2017 are provisionally pegged at 864,818 tonnes as compared to 485,220 tonnes during the same period last year, an increase of 78%, the Solvent Extractors Association of India (SEAI) has said.

“In last three months, the export of oilmeals improved compared to the previous year, thanks to good monsoon, better oilseeds production and price parity. In percentage terms, exports are showing improvement, but it is still lower compared to earlier years,” said B V Mehta, Executive Director, SEAI.

During April-August 2017, oilmeal imported by Vietnam from India were reported at 123,121 tonnes. South Korea imported 288,502 tonnes while Thailand imported 47,674 tonnes.