Oil meal exports in India are up by 71% in August 2022 to 2,82,498 tonnes

Published 2022년 9월 20일

Tridge summary

In August 2022, India experienced a significant 71% increase in oilmeals exports, reaching 2,82,498 tonnes compared to the same month the previous year. This surge is primarily due to a 100% rise in rapeseed meal exports, which now stand at 10,80,172 tonnes, thanks to a bumper production. Despite this, soyabean meal exports saw a decline of 29% to 1,08,258 tonnes, and rice bran extraction exports also fell by 20% to 2,10,619 tonnes. India remains a competitive supplier of rapeseed meal in the Far East markets.

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

Original content

Oilmeals exports rose 71 per cent in August to 2,82,498 tonnes on better demand for rapeseed meal, according to trade data. The exports stood at 1,64,831 tonnes in the same month last year, the Solvent Extractors’ Association of India (SEA) said in a statement. During April-August 2022, exports rose 40 per cent to 15,31,010 tonnes as compared to 10,92,386 tonnes in the corresponding period of the previous year. Export of rapeseed meal has doubled 10,80,172 tonnes compared to 5,42,630 tonnes on bumper production. “Currently India is the most competitive supplier of rapeseed meal to South Korea, Vietnam, Thailand and other Far East Countries,” SEA said. However, soyabean meal exports fell to 1,08,258 tonnes in the ...

Source: Indoasiancommodities