Oilmeal exports plunged 73 per cent in September to 82,749 tonnes against 301,717 tonnes registered in the same period last year. This was largely due to high soybean prices leading to lower crushing and lesser soybean meal export.

Soyabean meal shipments were down 68 per cent last month to 868 tonnes against 2,778 tonnes in August while that of rapeseed meal dipped 80 per cent to 58,567 tonnes.

Though export of rapeseed meal increased to 572,352 from 417,668 tonnes in last six months, it could not make up for the sharp fall in supply of soybean meal.

Soymeal prices down at $569 (Rs 35,278) a tonne against $616 (Rs 38,192) a tonne in August. Rapeseed meal was up at $237 a tonne ($229 a tonne).

In the first six months of the fiscal, oilmeal exports were down 43 per cent to 950,599 tonnes against 1,657,697 tonnes in the same period last year, according to the data released by the Solvent Extractors’ Association of India.

In last two quarters, oilmeal export to South Korea was down at 464,555 tonnes (518,178 tonnes) consisting 258,729 tonnes of rapeseed meal, 204,082 tonnes of castor meal and 1,744 tonnes of soybean meal.

Iran imports were lower at 142,357 tonnes (571,171 tonnes) and it includes 35,500 tonnes of soybean meal and 106,857 tonnes of rapeseed meal.

Thailand imported 91,602 tonnes of rapeseed meal and 2,407 tonnes of soybean meal. Vietnam and Taiwan imported 70,051 tonnes (72,622 tonnes) and 39,528 tonnes (45,817 tonnes), respectively.

Export from Kandla accounted for 75 per cent of total shipments at 714,246 tonnes, followed by Mumbai which handled 108,814 tonnes (11 per cent) and Bedi handling 32,197 tonnes (three per cent). Mundra and Kolkata handled 53,747 tonnes (6 per cent) and 41,331 tonnes (4 per cent).

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