India's Oilmeal Exports Surge in June, Down Overall | Trade Data
Jul 17, 2024 17:21
India's oilmeal exports rose 20% in June driven by soyabean meal shipments, but declined 9% overall in April-June due to reduced exports of rapeseed and castorseed meal.
New Delhi, Jul 17 (PTI) India's exports of oilmeals rose 20 per cent in June to 3,35,196 tonnes mainly on surge in shipments of soyabean meal, according to industry data.
The exports stood at 2,80,001 tonnes in the same month last year.
Solvent Extractors' Association of India (SEA) on Wednesday released the data of exports of oilmeals.
However, the total exports of oilmeals during April-June 2024 declined 9 per cent to 11,02,632 tonnes as compared to 12,10,045 tonnes in the year-ago period, mainly due to reduction in export of rapeseed meal, castorseed meal and no export of de-oiled rice bran since September last year due to export prohibition, the association said.
The de-oiled rice bran prices now are at the lower level and likely to go down, SEA said, urging the government not to extend the prohibition beyond July 31, 2024.
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