India's Oilmeal Exports up 8pc During Apr-Nov - The New Indian Express

India's Oilmeal Exports up 8pc During Apr-Nov

Published: 06th December 2013 06:15 PM

Last Updated: 06th December 2013 06:15 PM

 India's oilmeal exports rose by 8 per cent to 25.80 lakh tonnes till November of this fiscal on significant increase in shipments to Iran, South Korea and Europe, according to the industry body SEA.

But in last month, the country's shipment of oilmeal -- used as animal feed -- fell by 13 per cent to 5.6 lakh tonnes (LT) from 6.4 LT in the same month last year, it said in a statement.

According to the Solvent Extractors’ Association (SEA), "the export of oilmeals during April-November 2013 is reported at 25.80 lakh tonnes, compared to 23.91 lakh tonnes during the same period of last year, up by 8 per cent."

Of the total shipments, export of soyameal stood at 15.59 LT, rapeseed meal at 5.89 LT, castorseed meal at 3.72 LT, ricebran extraction at 58,334 tonnes and groudnut meal at 1,214 tonnes, it said.

Maximum increase in exports was to Iran, South Korean and Europe. The shipment to Iran increased by 71 per cent to 7.89 LT in April-November period of this year as against 4.61 LT in the year-ago period.

Similarly, exports to South Korea rose by 22 per cent to 7.03 LT from 5.78 LT, while shipment to Europe more than doubled to 2.12 LT in the said period.

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