Export of oil meals from India down by 11 per cent in FY14

KOLKATA: The overall export of oil meals from India in the FY14 has been to the tune of 4,331,450 tonne as compared to 4,846,013 tonnes in FY13 - a drop of 11 per cent. In March 2014 India's exports of oil meals has declined by 8 per cent to 397,786 tonnes over the corresponding period of the previous year. In value terms, there has been a marginal decline of 3 per cent in FY14 to Rs 11,450 crore as compared to Rs 11,800 crore in FY13.

Oilmeal import by South Korea from India in FY14 is reported at 1,165,107 tonnes compared to 907,082 tonnes last year consisting of 516,230 tonnes of rapeseed meal, 496,138 tonnes of castor meal and 152,739 tonnes of soybean meal.Iran imported 1,243,114 tonnes compared to 886,776 tonnes consisting 1,234,452 tonnes of soybean meal and 8,663 tonnes of rapeseed meal.

Thailand imported 313,271 tonnes of oil meal compared to 450,360 tonnes of oil meal imported in FY13. Vietnam imported 205,724 tonnes of oilmeal compared to 699,791 tonnes in FY13 consisting of 29,796 tonnes of rapeseed meal, 797 tonnes of castor meal, 1,344 tonnes of groundnut meal, 82,777 tonnes of soybean meal and 91,010 tonnes of rice bran extraction.