Oilmeals exports up 7 per cent to 31.67 lakh tonnes in April-December

NEW DELHI: Oilmeals exports rose by 7 per cent to 31.67 lakh tonnes till December of the ongoing fiscal on significant increase in shipments to Iran, South Korea and Europe.

The country had exported 29.58 lakh tonnes (LT) of oilmeals during April-December period in the year 2012, according to data compiled by Solvent Extractors' Association (SEA).

In December last year, the country's shipment of oilmeals --used as animal feed -- marginally increased by 3 per cent to 5.86 LT from 5.67 LT in the same month in 2012.

"The export of oilmeals during April-December 2013 is reported at 31.67 LT compared to 29.58 LT during the same period of last year (2012), up by 7 per cent," SEA said in a statement.

Maximum increase in exports was to Europe, Iran and South Korea. The shipment to Europe doubled to 2.40 LT in April-December period of the current fiscal 2013-14 as against 1.20 LT in the year-ago period.

Similarly, exports to Iran surged to 9.23 LT from 4.93 LT, while shipments to South Korea increased by 27 per cent to 8.21 LT from 6.47 LT in the said period.