Export of oilmeals between April - October 2012 down by 30%

KOLKATA: The export of oilmeals in the period April to October 2012 has reduced by 30% to 1,724,954 tons compared to 2,451,499 tons during the same period of last year. The export of oilmeals during October 2012 is reported at 121,919 tons compared to 354,698 tons in October 2011 - a decline of 66%.

The Solvent Extractors' Association of India (SEA) has attributed this drop to high price of soybean seed which resulted into lesser crushing. This in turn reduced teh availability of soybean meal for local as well as for the export market. Lack of buying by Iran and disparity in export of soybean meal due to high price in local market also resulted into steep fall in the exports.

Oilmeal import by South Korea from India during April to October 2012 is reported at 492,286 tons compared to 378,746 tons last year comprising 55,202 tons of soybean meal, castor meal of 203,722 tons and 233,362 tons of rapeseed meal.

Vietnam, another major market, imported 228,488 tons compared to 314,727 tons last year. This year's import comprises 47,685 tons of soybean meal, 27,889 tons of rapeseed meal and 1,412 tons of groundnut meal, 502 tons of castor meal and entire quantity of 151,000 tons of rice bran extraction. Japan imported 106,923 tons of oil meal as compared to 615,377 tons of imports last year.

Thailand imported 121,914 tons of oilmeal compared to 161,238 tons of oilmeal in the corresponding period of the previous year. Indonesia imported 104,064 tons of oilmeal as compared to 128,591 tons of oilmeal previous year.