Oilmeals exports up by 133 per cent in December

Tightening global provide of soybean and the strike by oilseed staff unions in Argentina aided India file a expansion in oilmeals exports in the course of December 2020.

The Solvent Extractors’ Association (SEA) of India, which has come out with the provisional export details of oilmeals for December 2020, mentioned that export of oilmeals improved to 5,twelve,997 tonnes in the course of December 2020 as versus 2,twenty,404 tonnes in the corresponding period of 2019, recording a expansion of 133 per cent.

It mentioned that the all round export of oilmeals stood at 24,sixty one,696 tonnes in the course of April-December of 2020 as versus 19,fifty five,276 tonnes in the course of the exact period of 2019, recording a expansion of 26 per cent.

Stating that the export of soybean meal is back on track, BV Mehta, Executive Director of SEA, attributed this to the tightening world provide of soybeans and to the interruption in the provide of soybean meal from Argentina because of to the strike by oilseed workers’ unions there.

Export of soybean meal stood at 2,fifty one,221 tonnes and rapeseed meal at 1,forty one,866 tonnes in the course of December 2020. The cumulative export of soybean meal stood at 8,88,202 tonnes and rapeseed meal at 9,16,715 tonnes in the course of April-December of 2020.

Bangladesh imports up

Exports of oilmeals to Bangladesh improved appreciably in the course of April-December of 2020. It imported three,40,771 tonnes of oilmeals from India in the course of April-December of 2020 as versus 34,552 tonnes in the corresponding period of 2019. This provided 1,sixty two,771 tonnes of rapeseed meal, ninety four,241 tonnes of ricebran extractions, and 83,759 tonnes of soybean meal.

During April-December 2020, South Korea imported six,80,791 tonnes (seven,27,194 tonnes) of oilmeals from India, adopted by Vietnam at three,26,630 tonnes (2,forty two,622 tonnes), United states of america at 1,76,528 tonnes (1,50,191 tonnes), Thailand at 1,32,737 tonnes (1,85,327 tonnes), and Taiwan at 1,03,398 tonnes (ninety eight,288 tonnes) of oilmeals.

During this period, the oilmeals exports from Kandla port stood at six,seventy three,192 tonnes, adopted by Mundra at six,39,088 tonnes, Mumbai (which include JNPT) at 2,eighty one,274 tonnes, and Kolkata at 2,03,935 tonnes. Other ports exported six,sixty four,207 tonnes of oilmeals.