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Oilmeals exports increased 22 per cent to 3,05,526 tonnes in June compared with 2,50,335 tonnes during the same period a year ao.
The jump in shipments was largely due to increased demand from Iran and South Korea.
However, exports in the first quarter of this fiscal are down by three per cent 1,057,743 tonnes (1,087,463 tonnes), mainly due to disparity in crushing, leading to lower availability of oilmeals for export, said a Solvent Extractors Association of India press release on Friday.
Oilmeals, remnants after oilseeds are crushed, are used in compound feed for poultry, cattle and aqua feeds, while castorseed meal is used as fertiliser.
India exports oilmeals to South-East Asian countries and major importers are Japan, South Korea, Iran, Vietnam, Indonesia and Thailand.
Iran oilmeal imports from India more than doubled to 3,01,154 tonnes in the first quarter of this fiscal compared with 85,364 tonnes. Imports consisted of 2,85,154 tonnes of soyameal and 16,000 tonnes of rapeseed meal.
Imports by South Korea were up 63 per cent at 2,82,833 tonnes (1,73,064 tonnes).
Exporters had to drop prices to retain their orders in June as the rupee depreciated against the dollar to 55.94 against 54.33 in May.
Rapeseed meal was shipped at $250 a tonne in June against $259 in May while soyameal was priced at $545 a tonne ($547 a tonne).
> suresh.iyengar@thehindu.co.in
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