Exports of oilmeals rose by 31 per cent to a value of ₹6,222 crore during the just-concluded fiscal as compared to ₹4,762 crore during 2017-18, on higher volumes as well as price realisation, as per data from the Solvent Extractors’ Association of India (SEA).
The latest figures from the SEA also showed that in volume terms, exports increased 6 per cent to 3.2 million tonnes in 2018-19 from 3.02 million tonnes in the previous fiscal.
Specifically, the shipment of rapeseed meal rose sharply to 10,51,869 tonnes from 6,63,988 tonnes. South Korea, Vietnam and Thailand were the major importers of Indian rapeseed meal. The export of soyabean meal also rose to 13,37,215 tonnes during the last fiscal from 11,87,818 tonnes in the previous year.
However, the outward shipment of rice bran meal dropped to 4,40,927 tonnes from 594,129 tonnes. Export of castor seed meal was also down to 3,67,084 tonnes from 5,72,762 tonnes, reports said.
The major importers of Indian oilmeals were Vietnam (6,15,403 tonnes), South Korea (7,38,795 tonnes), Thailand (3,02,619 tonnes), Taiwan (1,19,794 tonnes) and Iran (5,08,050 tonnes), as per the SEA data.
