Oilmeals exports at 5 lakh tonnes in April

NEW DELHI: Oilmeal exports in April jumped more than two-fold to 5.01 lakh tonnes on the back of record output of oilseeds and increased demand from Japan and China, according to an industry data. The country had shipped 2.04 lakh tonnes of oilmeal (used as cattle and poultry feed) in the same month last year.

“The oilmeal exports during the first six months of oil year (November 2010-April 2011) doubled due to record production of oil seeds during rabi and kharif seasons,” Mumbai-based Solvent Extractors Association (SEA) Executive Director B V Mehta said. Increased crushing activity also boosted the overall availability of oilmeals both for domestic use and exports.