Agri Buzz: India Oilmeals Exports Rise By 31% On Year In September 2022

17 Oct 2022 , 02:39 PM

The Solvent Extractors Association of India has compiled the export data for export of oilmeals for the month of September 2022 provisionally reported at 240,669 tons compared to 183,837 tons in September 2021 i.e. up by 31%. The overall export of oilmeals during April – Sept., 2022 is reported at 1,771,679 tons compared to 1,276,223 tons i.e. up by 39%. During first six months of the current financial year (2022-23), export of rapeseed meal has doubled and reported at 1,243,261 tons compared to 605,355 tons, thanks to record crop of rapeseed and crushing resulted in to highest processing, availability of rapeseed meal and export. In case of soybean meal, India up to now was outpriced in international market. However with the fall in local soybean price to the level of Rs. 5000/5100 per quintal, soybean meal FOB Price also reduced to US$ 500 per ton FOB (from highest level of US$ 888 per ton in March22) while soybean meal Ex-Rotterdam currently quoted US$ 559 per ton. Powered by Commodity Insights