Oilmeals

Oilmeals exports increased 9% in Feb to nearly 516K tonnes, says SEA

Oilmeals export rose 9 per cent year-on-year in February to nearly 5.16 lakh tonnes on higher outward shipments of soyabean meal, according to trade data. In a statement on Friday, Solvent Extraction of India (SEA) said the export of oilmeals in February stood at 515,704 tonne as compared to 4,71,770 tonne in the year-ago period. Of the total oilmeals export last month, the shipments of soyabean meal stood at 3,47,905 tonne and rapeseed meal 1,44,372 tonne. The data showed that the total export of oilmeals during the April-February period of this fiscal increased 19 per cent to 44,90,055 tonne as compared to 37,60,329 tonne in the corresponding period of the previous year. The export of soybean meal during the April-February period of the 2023-24 fiscal rose to 19.34 lakh tonne compared to 7.87 lakh tonne in the same period of the previous year as Indian soybean meal was most competitive in the international market. However, SEA said that soyameal exports might slow down because

India's oilmeals export rises 36% in Oct to nearly 290,000 ton: Trade data

Oilmeals exports rose 36 per cent last month to nearly 2.9 lakh tonnes on higher shipments of soyabean meal and rapeseed meal, according to industry data. Solvent Extractors' Association of India (SEA) data showed that the export of oilmeals in October stood at 2,89,931 tonnes as compared to 2,13,153 tonnes in the same month last year. Soyabean meal export rose to 87,060 tonnes last month from 40,196 tonnes in the year-ago period, while shipment of rapeseed meal increased to 1,69,422 tonnes from 98,571 tonnes during the period under review. "Foreign demand for Indian soyabean meal has benefited from improved price competitiveness and the shortage of Argentine export supplies in recent months," SEA said. "The major consumers of Indian soyabean meal are South East Asia, where India has a logistic advantage and also can supply in small lots," SEA Executive Director B V Mehta said. Also, Indian Soybean Meal being Non-GMO has an advantage and is preferred by certain European countries

India's oilmeals export jumps almost two-fold in Apr-Nov period: SEA

India's oilmeals export saw almost two-fold jump at 23.92 lakh tonnes during the April-November period of the current fiscal, on record export of rapeseed meal, according to the latest data released by the industry body SEA on Monday. The country had exported 15.96 lakh tonnes of oilmeals in the same period last fiscal. Oilmeals are used as animal feed. According to the Solvent Extractors Association of India (SEA), the export of soyabean extraction rose to 3.26 lakh tonnes during April-November period of the 2022-23 fiscal from 2.19 lakh tonnes in the year-ago period. Similarly, there was a record rapeseed meal shipment at 14.76 lakh tonnes in the first eight months of the current fiscal, as against 7 lakh tonnes in the year-ago period. The groundnut extraction shipment rose to 16,536 tonnes from 2005 tonne, while that ricebran extraction export declined to 3.37 lakh tonnes as against 4.49 lakh tonnes during the comparable period. Export of castorseed meal rose marginally to 2.35

India's oilmeal exports rise 38.45% to 1.98 MT during Apr-Oct period: SEA

The country's export of oilmeal, used as animal feed, rose 38.45 per cent to 19.84 lakh tonnes during the April-October period of the current fiscal on sharp rise in shipment of rapeseed meal, industry body SEA said on Thursday. The country had exported 14.33 lakh tonnes of oilmeal in the same period of the previous financial year. According to Solvent Extractors Association of India (SEA), out of the total oilmeal exports, the shipment of rapeseed meal doubled to 13.41 lakh tonnes during the April-October period of the current fiscal, from 6.58 lakh tonnes in the year-ago period. Export of rapeseed meal rose sharply on account of a record crop and crushing that resulted in highest processing and availability of the commodity, it said. Currently, India is the most competitive supplier of rapeseed meal to South Korea, Vietnam, Thailand and other Far East Countries at USD 295 per tonne FOB (freight on board), while rapeseed meal Hamburg ex-mill was quoted at USD 363 per tonne, it ...

India's oilmeals exports fall 37% to Rs 5,600 crore in FY22: SEA

India's oilmeals exports declined 36 per cent to 23.73 lakh tonnes in the last fiscal, while in value terms the shipments were down 37 per cent to Rs 5,600 crore, according to industry data.

Oilmeal export down 61% in June quarter

Lower oilseed availability, continuous disparity in exporting meals in international market cited as reasons for decline

India running out of $70-bn oilmeals market

Supply from Argentina and US works out cheaper, producers call for introduction of GM plantings, seed imports

Oilmeal export dips 52% in FY16

According to the SEA data, soyabean meal exports has dropped to 70,820 tonnes in 2015-16, from 6,59,593 tonnes last year