Agri Buzz: India Oilmeal Export Drops Around 37% So Far This Fiscal

15 Mar 2022 , 12:42 PM

The Solvent Extractors Association (SEA) of India has compiled export data for export of oilmeals for the month of February, 2022 and provisionally reported the figure at 187,320 tons compared to 397,517 tons in February 2021 i.e. down by 53% mainly due to a fall in export of soybean meal. The overall export of oilmeals during Apr.21 – Feb.22 is reported at 2,131,360 tons compared to 3,366,633 tons i.e. down by 37%. In current year financial year 2021-22, export of oilmeals in first eleven months (Apr.21-Feb.22) down by 37% 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.7,850 per quintal.

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