The country’s oil meal exports rose 51.44 percent to 36.8 lakh tonne in 2020-21 from 24.3 lakh tonne in the previous year, on a sharp rise in soybean meal shipments, according to industry body SEA.
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The country’s oilmeal exports rose 51.44 per cent to 36.8 lakh tonne in 2020-21 from 24.3 lakh tonne in the previous year, on sharp rise in soybean meal shipments, according to industry body SEA. In terms of value, export of oilmeals nearly doubled to Rs 8,850 crore from Rs 4,450 crore in the said period.Oilmeals are used as animal feed in poultry and other sectors. According to the latest data released by the Solvent Extractors’ Association (SEA), soybean meal export rose to 15.64 lakh tonne in 2020-21 from 6.92 lakh tonne in the previous year. Similarly, rapeseed meal exports rose to 11.13 lakh tonne from 9.61 lakh tonne, while the shipment of rice bran extension rose to 5.76 lakh tonne from 2.36 lakh tonne in the said period. “India exported a record quantity of 5.76 lakh tonne of rice bran extraction during 2020-21, thanks to new demand from Bangladesh due to failure of their rice crop,” SEA said. However, export of castor seed meal declined to 4.19 lakh tonne in 2020-21 from ...