As per the latest release from Solvent Extractors' Association of India (SEA OF India ) , the total export of oilmeals during April to December 2012 was reported at 29.11 lakh tonnes compared to 39.35 lakh tonnes during the same period of last year i.e. down by 26%, mainly due to reduced demand from overseas market.
The export of oilmeals during December 2012 is reported at 5.44 lakh tonnes compared to 9.53 lakh tonnes in December 2011 i.e. down by 43%.
Exports of Oilmeals During April- December 2012 ( in lakh tonnes) :
|Oilmeals||Apl- Dec 12||Apl-Dec 11||% Change|
|Rice Bran Ext||1.76||1.25||40.80|
Powered by Commodity Insights
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.