india-s-oilmeal-exports-drop-35-to-2-14-lakh-tonnes-in-sept

India's oilmeals export declined 35 per cent in September to 2,13,744 tonnes due to lower shipments of soyabean meal, rapeseed meal and castorseed meal, according to industry data.

 

In the first half of the current fiscal year, the export of soyabean meal jumped to 9.08 lakh tonnes against 5.86 lakh tonnes a year ago, due to higher imports by the UAE, Iran and France.

 

In a statement on Tuesday, the Solvent Extractors' Association of India (SEA) said the total export of oilmeals during April-September 2024 fell 9 per cent to 20,82,533 tonnes compared to 22,76,120 tonnes in the corresponding period of the previous year.

 

Bangladesh, South Korea and Thailand are the major importers of rapeseed meal.

 

The exports stood at 3,30,567 tonnes in the same month last year. Industry body SOPA has estimated Kharif soybean production at 125.18 lakh tonnes from last year's estimate of 118.74 lakh tonnes.

 

SOPA has reported an area sown at 118.3 lakh hectares lower than the government's estimate of 127.13 lakh hectares.