The overall export of oilmeals during April 2019 has been provisionally declined 25% to 1,68,809 tonne, against 2,24,351 tonne in April 2018. The export of castorseed meal, however, has increased to 53,591 tonne against 17,257 tonne, according to the Solvent Extractors’ Association of India (SEA). It is mainly exported to South Korea.
According to data compiled by SEA, the overall export of oilmeals during 2018-19 has revived and reported at 33,24,693 tonne, against 30,26,628 tonne during the same period of 2017-18. In terms of value, the total earning has increased 34% to Rs 6,410 crore against Rs 4,762 crore due to the higher export of rapeseed meal, BV Mehta, executive director, SEA, said.
Export of rapeseed meal rose 65% to 1,094,015 tonne from 663,988 tonne and the export of soyabean meal rose 14% to 13,58,083 tonne from 11,87,818 tonne, he said.
