An increase of more than 100 percent in rapeseed meal exports helped India record a 38 percent increase in overall oil meal exports from April to October of FY23.
According to data compiled by the vegetable oil industry body, the Solvent Extractors' Association of India (SEA), India's overall oil meal exports during the current fiscal year from the month of April to October - were 38% higher year on year at around 1.97 million tonnes. During the comparable period last fiscal year, oil meal exports totaled 1.43 million tonnes. Oil meals are the residue left over after extracting oil from oilseeds, and they are popularly used as livestock feed. Exports of the product were preliminarily reported to be 213,154 tonnes in October, up 35% from 157,590 tonnes during the same period last year. It is worth mentioning that rapeseed meal exports have more than doubled to 1.34 million tonnes in 2022-23, compared to 658,230 tonnes in the same period last year, due mainly to a record crop and crushing that resulted in the highest processing and access of rapeseed meal for exports. As per the vegetable oil industry body, "India is currently the most ...
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