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New Delhi: Export of oilmeals has doubled to 3.09 lakh tonne in October, mainly on account of increased soyameal shipment, an industry body said.
A data, released by Mumbai-based Solvent Extractors Association (SEA), said the export of oilmeals was 3.09 lakh tonne during October 2009, as against 1.53 lakh tonne in the year-ago period.
India’s export to Vietnam, South Korea, Japan and Thailand has increased significantly due to less supply of oilmeals from South America and weakening of dollar, an SEA official said, adding that the demand for soyameal was very high.
However, oilmeals shipment during April-October 2009 has been lower at 15.43 lakh tonne compared to 26.82 lakh tonne in the corresponding period previous year.
In October, India had exported 2.19 lakh tonne of soyameal, 57,845 tonne of rapeseedmeal and about 30,000 tonne of castormeal, SEA said.
Indore-based Soyabean Processors Association (SOPA) also released soyameal export data which said the shipment was 2.18 lakh tonne in October 2009, compared to 92,424 tonne in the year-ago period.
Vietnam, Japan, Thailand, Indonesia and South Korea are the major destinations for Indian soyameal. The maximum quantity of 68,236 tonne of soyameal was shipped to Vietnam, followed by 59,029 tonne to Japan, 29,554 tonne to Thailand and 17,495 tonne to Korea during the last month, SOPA said.
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