Commodity News

Decline in Oilmeals export by 16 per cent in November

According to data published by the Solvent Extractors’ Association of India (SEA), the export of oilmeals during November 2018, provisionally reported at 311,739 tons compared to 369,522 tons in November 2017. During the first eight months, there was a sharp increase to 745,901 (392,463) tons almost doubled mainly exported to South Korea, Vietnam and Thailand. The overall export of rapeseed meal during April to November 2018 is reported at 2.043,282 tons compared to 1,855,558 tons during the same period of last year- up by 10%. 

A ban in export to China was implemented in the year 2012 before that China used to import nearly half a million tons of oilmeals viz. Rapeseed meal 3.5 to 4.0 lakh tons and 1.0 lakh of soybean meal from India. The meal from India to China may take some more time as Chinese GACC Team likely to visit during the current month to inspect/approve the units. Once the registration with Chinese Ministry of Agriculture (MoA) is done which is a cumbersome process  and takes a long time, those five units already approved by General Administration of Customs of the People’s Republic of China, GACC ( formerly AQSIQ) will able to resume the export of Rapeseed Meal to China. 

Now the Indian soybean meal can be exported to Iranian market also as per a release. During the current year from April to November 2018, about 2 lakh tons of soybean meal shipped against last year just 23,000 tons, supporting export of oilmeals from India.  



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