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Agri Buzz: India Oilmeal Export Tanks 67% On Year In December 2021

Agri Buzz: India Oilmeal Export Tanks 67% On Year In December 2021

January 17, 2022 12:18 IST | capital market
The Solvent Extractors Association of India has provisionally reported export of oilmeals at 170,338 tons in December 2021 compared to 516,006 tons in December 2020 i.e. down by 67% mainly due to decline in export of soybean and rapeseed meal. The overall export of oilmeals during April - Dec., 2021 is reported at 1,766,687 tons compared to 2,467,564 tons i.e. down by 28%. In current year financial year 2021-22, export of oilmeals in first nine months (April-Dec) down by 28% mainly due to lesser export of soybean meal. Soybean crush margins in India are currently squeezed by pressure on meal prices and relatively high price expectation of farmers for soybean seed which is currently quoted over Rs.6300 per quintal, noted SEA.

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