India’s oilmeal exports reported a decline of 47 per cent for a period between April 2016 and July 2016 at 274,237 tonnes compared to 517,914 tonnes reported during the same period last year, thereby showing a decline of 47 per cent.

The decline in exports is attributed to the lesser availability of oilseeds for crushing and continuous disparity in export price in the international market.

Higher prices

The meal prices at Indian ports were quoted relatively higher as compared to international prices.

Soyabean meal prices at Indian FOB at Kandla was quoted at $495 per tonne, while international price was at $405 CIF Rotterdam.

The data compiled by the Solvent Extractors’ Association of India (SEA) revealed that even as the oilmeal exports showed a decline during the four-month period, the exports during the month of July showed a sharp increase of 99 per cent at 87,944 tonnes (44,238 tonnes).

Shipments break-up

During the period, oilmeal exports to countries such as South Korea, Vietnam, Myanmar and Taiwan reported a dip resulting in an overall drop in the shipments.

However, oilmeal exports to Indonesia showed an increase of 12.16 per cent to 5,027 tonnes as for the period against 4,482 tonnes in the same period last year.

Soya, castor meals gain

Exports of soyabean meal and castorseed meal increased during July.

As per SEA data, soyabean meal exports increased from 2,672 tonnes last month to 3,290 tonnes in July, while castorseed meal exports increased from 40,591 tonnes last month to 78,759 tonnes in July.

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