 "Oilmeals export down 47% in January")
India's oilmeals export fell by 47% during last month to 4.25 lakh tonnes due to lower crushing of soyabean, according to industry data.
Oilmeals export stood at 7.98 lakh tonnes in the year-ago period.
"Export of oilmeals is down in January 2014 due to disparity in soyabean crushing which lead to lower processing of soyabean and availability of soyameal for export," Solvent Extractors' Association of India (SEA) said in a statement.
During April-January of this fiscal, oilmeals export fell by 4% to 36.16 lakh tonnes as compared to 37.56 lakh tonnes in the corresponding period of previous year.
South Korea and Iran were the two major export destination for India.
Oilmeal import by South Korea from India in April-January of 2013-14 fiscal stood at 9.01 lakh tonnes as compared to 7.76 lakh tonnes last year. Iran almost doubled the import to 10.85 lakh tonnes from 5.54 lakh tonnes.
"Europe has turned out to be bigger market for Indian Non GMO soybean meal. Europe have imported 2,49,111 tonnes as compared to 148,957 tonnes last year," SEA said.
India exported 48.46 lakh tonnes in the entire 2012-13 fiscal.
Oilmeals export stood at 7.98 lakh tonnes in the year-ago period.
"Export of oilmeals is down in January 2014 due to disparity in soyabean crushing which lead to lower processing of soyabean and availability of soyameal for export," Solvent Extractors' Association of India (SEA) said in a statement.
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Soyameal exports fell to 3.64 lakh tonnes in January 2014 from 6.5 lakh tonnes in the same month last year, the data showed.
During April-January of this fiscal, oilmeals export fell by 4% to 36.16 lakh tonnes as compared to 37.56 lakh tonnes in the corresponding period of previous year.
South Korea and Iran were the two major export destination for India.
Oilmeal import by South Korea from India in April-January of 2013-14 fiscal stood at 9.01 lakh tonnes as compared to 7.76 lakh tonnes last year. Iran almost doubled the import to 10.85 lakh tonnes from 5.54 lakh tonnes.
"Europe has turned out to be bigger market for Indian Non GMO soybean meal. Europe have imported 2,49,111 tonnes as compared to 148,957 tonnes last year," SEA said.
India exported 48.46 lakh tonnes in the entire 2012-13 fiscal.