Oilmeal exports down 36% in September 2021, says Solvent Extractors’ Association

Export of oilmeal, used as animal feed, declined 36% year-on-year to 1.83 lakh tonne in September on account of the home scarcity of the oilmeal merchandise, trade physique SEA mentioned on Monday. To fulfill native scarcity the federal government has allowed the import of genetically modified (GM) soyameal, and it ought to give some aid to the poultry trade, it mentioned in a press release.

Oilmeals are used as animal feed in poultry and different sectors. Oilmeal exports stood at 2.87 lakh tonne in September 2020.

Based on the newest knowledge launched by the Solvent Extractors’ Affiliation (SEA), soyameal exports declined sharply to five,831 tonnes in September this 12 months from 68,576 tonnes within the year-ago interval.

“India is presently outpriced for export of soybean meal and unlikely to revive until we’ve the brand new crop in October-November,” the trade physique mentioned.

Export of castor seed meal declined to 34,881 tonnes from 45,483 tonnes a 12 months in the past.

Equally, the export of rapeseed meal declined to 62,725 tonnes in September this 12 months from 1,40,830 tonne within the year-ago interval, whereas that of rice-bran extraction cargo rose to 80,188 tonnes from 32,068 tonnes.

Within the first six months of 2021-22, oilmeal exports fell to 12.75 lakh tonne from 13 lakh tonne within the year-ago interval.

South Korea, Vietnam and Thailand are the three main export locations for oilmeal for India.

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