India's December oilmeal exports grow 8 pc YoY

India's oilmeal exports grew 8 per cent in December to 676,452 tonnes, compared with 626,675 tonnes in the same month in 2006.

NEW DELHI: India's oilmeal exports grew 8 per cent in December to 676,452 tonnes, compared with 626,675 tonnes in the same month in 2006, mainly on higher soymeal and groundnut meal exports, a leading trade body said on Tuesday.

"The overall export of oilmeals for the period April to December 2007 is reported at 2.97 million tonnes compared with 3.18 million tonnes, down by 7 per cent ...," the Solvent Extractors' Association of India said in a statement.

In the nine months to December 2007, exports of soymeal fell to 1.98 million tonnes from 2.16 million tonnes, while rapeseed meal exports dropped to 597,927 tonnes from 656,825 tonnes.

The Association said Vietnam and South Korea emerged as major importers of oilmeal between April and December 2007.

Vietnam imported 892,773 tonnes of oilmeal, comprising 729,200 tonnes of soymeal, 47,873 tonnes rapeseed meal and 115,225 tonnes of ricebran extraction.

Between April and December, South Korea imported 535,325 tonnes, including 275,850 tonnes of rapeseed meal, 166.375 tonnes of castorseed meal and 93,100 tonnes of soymeal.
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Japan, China, Indonesia, Thailand and Taiwan were among the other importers of Indian meal, it said.
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