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Agri-Biz & Commodities - Oilseeds & Edible Oil
Soyameal dominates export basket

Our Bureau

Mumbai May 9 For oil meal exports, the new fiscal has begun well with shipment of 4.33 lakh tonnes. This comes after meal exports registered a record 51.7 lakh tonnes during fiscal 2006-07, according to data released by Solvent Extractors Association of India.

Soyameal continues to dominate the export basket with shipment of 2.51 lakh tonnes last month, while rapeseed extraction exports reached 1.08 lakh tonnes. Other extractions exported included ricebran (33,200 tonnes), groundnut (4,600 tonnes) and castorseed (36,100 tonnes).

About 2.61 lakh tonnes or over 60 per cent of the meals was shipped out of Kandla port, followed by Mumbai (55,450 tonnes), Bedi (52,700 tonnes) and Kakinada (38,225 tonnes).

According to SEA, major destinations were China (1.01 lakh tonnes), Vietnam (1.02 lakh tonnes) and South Korea (86,000 tonnes).

China's imported 65,175 tonnes last month from 1.01 lakh tonnes during the corresponding period last year.

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