Oilmeal exports rise 60.45% in 2017-18 over last year

Posted by Daily Shipping Times on 09-05-2018        Tweet

NEW DELHI: The overall export of oilmeals during the year (2017-1cool.gif has revived and has increased by 60.45% to 3,025,538 tonnes compared to 1,885,480 tonnes during the same period of last year (2016-17), according to figures published by the Solevent Extractors’ Association (SEA).

In term of value the total earning has increased to Rs. 4,758 crores compared to Rs. 3219 crores, up by 48%, thanks to higher export of rapeseed meal of 663,988 (up by 209%),

ricebran extractions of 594,129 tonnes (up by 77%)  and castorseed meal of 572,762 tonnes (up by 39%).

A release issued by SEA said that the efforts made by SEA in promoting export of various oilmeals has yielded positive results. The export of rapeseed meal, de-oiled rice bran, castorseed meal and groundnut meal service by SEA reached to 1,837,720 tonnes (Valued at Rs.1850 Crores) compared to 965,011 tonnes in 2016-17 (Valued at Rs.984 Crores) - up by 90%.