COMMODITY
India's oilmeals export decline 35% in September 2024
Oct-16-2024

Solvent Extractors' Association of India (SEA) said that India's oilmeals export declined 35 per cent in September 2024 to 2,13,744 tonnes as compared to 3,30,567 tonnes in the same month last year due to lower shipments of soyabean meal, rapeseed meal and castorseed meal.

The total export of oilmeals during April-September 2024 fell 9 per cent to 20,82,533 tonnes compared to 22,76,120 tonnes in the corresponding period of the previous year, mainly due to a reduction in export of rapeseed meal and castorseed meal.

In the first half of the current fiscal year, the export of soyabean meal jumped to 908,800 tonnes against 586,850 tonnes a year ago, due to higher imports by the UAE, Iran and France. Bangladesh, South Korea and Thailand are the major importers of rapeseed meal.

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