The Hindu Business Line : Oilmeal exports fall 10% in April-Nov

Mumbai, Dec 8 Oilmeal exports declined 10 per cent between April and November to 22.88 lakh tonnes from 25.49 lakh tonnes during the same period last year, according to data released by the Solvent Extractors Association.

Contrary to the overall decline in exports, castormeal exports jumped 82 per cent to 2.06 lakh tonnes from 1.13 lakh tonnes year-on-year during the same period.

Exports of soyabean, rapeseed, groundnut and rice bran extractions were lower during the first eight months.

The decline during April-November was a result of lower imports by China at 2 lakh tonnes, down 42 per cent from 3.42 lakh tonnes on better local crushing. Imports by Indonesia declined by 55 per cent at 1.83 lakh tonnes from 4.02 lakh tonnes.

Vietnam increased oilmeal imports from India at 7.37 lakh tonnes while South Korea imported 4 lakh tonnes.

Japan reported imports of 3.16 lakh tonnes against 2.69 lakh tonnes.

However, exports jumped 13 per cent in November at 5.9 lakh tonnes against 5.8 lakh tonnes same period last year.

Kandla handled most of the export consignments at 14.61 lakh tonnes followed by Mumbai at 4.06 lakh tonnes.

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