NEW DELHI: An increase in the export of rapeseed meal and soyabean meal helped India record a 60 per cent growth in the export of oilmeals during the first nine months of 2022-23.
According to the data available with Solvent Extractors’ Association (SEA) of India, the country exported 28.25 lakh tonnes (lt) of oilmeals durung April-December of 2022-23 against 17.67 lt in the corresponding period of 2021-22, recording a growth of 60 per cent.
Export of oilmeals was provisionally reported at 4.33 lt during December 2022 when compared to 1.70 lt in December 2021, an increase of 153.66 per cent.
BV Mehta, Executive Director of SEA of India, said the export of rapeseed meal has set a new record of 16.71 lt during first nine months of 2022-23, and broke the earlier record of 12.48 lt in 2011-12. India had exported 7.13 lt of rapeseed meal during April-December of 2021-22.
Currently, India is the most competitive supplier of rapeseed meal to South Korea, Vietnam, Thailand and other Far East countries at $255 a tonne (FOB India) while rapeseed meal (Hamburg ex-mill) is quoted at $405 a tonne, he said.
