Meal exports from India up 19% in July

Published Aug 18, 2022

Tridge summary

The Solvent Extractors’ Association of India has reported a 19% increase in India's meal export in July 2022 compared to the previous year, with a total of 1,248,512 tons exported from April to July 2022, a 35% increase from the same period in 2021. Rapeseed meal exports have seen a significant increase of 77% due to a good harvest, making India a competitive supplier to countries like South Korea, Vietnam, and Thailand. However, soybean meal exports are at their lowest due to India's underperformance in the international market, and castor meal exports have decreased slightly. Rice bran production, on the other hand, remains stable.

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

Original content

The Association (Solvent Extractors’ Association of India, SEA) published data on the export of meal from India. According to preliminary data, in July 2022, the export of meal amounted to 227,247 tons compared to 191,663 tons in July 2021, i.e. an increase of 19%. Total oil meal exports for April-July 2022 amounted to 1,248,512 tons compared to 927,555 tons in 2021, up 35% according to oilworld.ru Rapeseed meal export increase by 77%. In the first four months of the current season (2022-23), rapeseed meal exports jumped to 851,212 tons from 479,572 tons last season, up 77%. This was made possible thanks to a good harvest of rapeseed, which led to maximum processing, the availability of rapeseed meal and an increase in exports. Currently, India is the most competitive supplier of rapeseed meal to South Korea, Vietnam, Thailand and other countries of the Far East. Rapeseed meal is offered at US$295 FOB India, while ex-factory Hamburg rapeseed is US$376. In the case of soybean meal, ...

Source: Oilworld