India’s oil meal export is supported by the demand rise for rapeseed meal

Published 2022년 5월 26일

Tridge summary

The Solvent Extractors’ Association of India (SEA) predicts a rise in rapeseed meal exports for the 2022-23 fiscal year, attributed to increased crushing and solvent extraction of rapeseed cake. India is expected to become a competitive supplier in the Far East markets, including South Korea, Vietnam, and Thailand. In April 2022, India's oilmeals exports saw a 9.96% increase, reaching 3.33 lakh tonnes, and its rapeseed meal exports surged by 143.87% compared to the previous month. However, overall oilmeal exports for 2022-23 are anticipated to decrease due to under-pricing in the international soyabean meal market.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Rapeseed meal export is slated to increase during the current fiscal year 2022-23 due to increased crushing and solvent extraction of rapeseed cake, said Solvent Extractors’ Association of India (SEA). According to SEA, India is likely to be the competitive supplier to South Korea, Vietnam, Thailand, and other Far East countries. An increase in rapeseed meal exports helped India record a nearly 10 per cent increase in total oilmeal exports in April 2022. According to the Solvent Extractors’ Association of India (SEA), the country exported 3.33 lakh tonnes (LT) of oilmeals in April, up from 3.03 LT in the same month last year, representing a 9.96 percent increase in the first month of the current fiscal. SEA Executive Director BV Mehta attributed the increase in oil meals export to an increase in rapeseed meal export during the period. The country exported 2.29 LT of rapeseed meal in April 2022, up from 93,984 tonnes in March 2022, a 143.87 percent increase. In April 2021-22, the ...

Source: Indoasiancommodities