India’s oilmeal exports start 2024-25 on a weak note, drop 6% in April

Published 2024년 5월 19일

Tridge summary

India's oilmeal exports in April 2024 were 6% lower than the previous year at 4.65 lakh tonnes. This decrease is due to the ban on exports of de-oiled rice bran, a key component of oilmeals, which was in place from July 2023 to July 2024. Despite this, the first six months of the marketing year saw a revival in soybean meal exports, which increased from 10.4 lakh tonnes to 16.6 lakh metric tons. However, rapeseed meal exports were down by 23% at 9.3 lakh tonnes. Our largest importer of soybean meal was South Korea, followed by Vietnam, Thailand, and Bangladesh. Iran was the largest importer of soybean meal from India, including shipments via Dubai.

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Original content

New Delhi [India], May 19 (ANI): India’s overall oilmeal exports during April 2024 were 6 per cent lower on a yearly basis at 4.65 lakh tonnes. During the same month last year, the total exports were 4.93 lakh tonnes, industry data showed. Oilmeals are the residue left over after the extraction of oil from oilseeds and it is widely utilized as livestock feed globally. According to the Solvent Extractors’ Association of India, which has put out the trade data, said the country harvested a record crop of soybean in Kharif season last year and mustard in Rabi season which encouraged higher crushing and increased availability of meals, both for the domestic consumption and exports. The total oilmeal exports during November-April, the first six months of the marketing year, indicated the revival of soybean meal exports which jumped from 10.4 lakh tonnes to 16.6 lakh metric tons. While rapeseed meal exports are down by nearly 23 per cent so far this season at 9.3 lakh tonnes. The ...

Source: Theprint