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Oilmeal exports drop 33% in May on low demand

Oilmeal exports drop 33% in May on low demand

Fri June 08 2018


Oilmeals export declined by 33% to 97,036 ton during May 2018 on lower global demand, according to industry data. The overall export during April-May 2018 fell by 8% at 3,21,179 ton compared to 3,48,222 ton in the corresponding period of the previous year, the Solvent Extractors’ Association of India (SEA) has said.


Rapeseed meal exports increased to nearly 1.43 lakh ton in first two months. The export of rapeseed meal sharply increased to nearly 1,43,000 ton, in first two months, mainly exported to South Korea and Thailand.


During April-May 2018, oilmeals export to Vietnam fell to 51,568 ton from 59,578 ton in the year-ago period. South Korea imported 49,768 ton of oilmeals during the first two months of this fiscal compared to 67,920 ton in the corresponding period of the previous year.


Thailand imported 62,176 ton of oilmeals during April-May 2018 as against 29,251 ton in the year-ago period, while France imported 28,377 ton as against to 1,736 ton during the period under review.


The export from Kandla is reported at 147,587 ton (46%), followed by Mumbai including JNPT at 31,297 ton (10%), Mundra handled 38,693 ton (12%) and Kolkata handled 47,173 ton (15%).



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