Agri Buzz: SEA Says Export Of Oilmeals Jumps 71% On Year In August 2022

15 Sep 2022 , 03:07 PM

The Solvent Extractors Association of India (SEA) has compiled the export data for export of oilmeals for the month of August 2022 provisionally reported at 282,498 tons compared to 164,831 tons in August 2021 i.e. up by 71%. The overall export of oilmeals during April – August 2022 is reported at 1,531,010 tons compared to 1,092,386 tons i.e. up by 40%. During first five months of the current financial year (2022-23), export of rapeseed meal has doubled and reported at 1,080,172 tons compared to 542,630 tons, thanks to record crop of rapeseed and crushing resulted in to highest processing, availability of rapeseed meal and export. Currently India is the most competitive supplier of rapeseed meal to South Korea, Vietnam, Thailand and other Far East Countries @ US$ 295 per ton FOB India while rapeseed meal Hamburg ex-mill quoted at US$ 355 per ton. Export of castor meal more or less same while rice bran extraction is down due to lesser demand from importing countries.Powered by Commodity Insights