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Rapeseed Meal News - Indias oil meal export in the month of May%EF%BF%BD%EF%BF%BD%EF%BF%BD22 went up by 12 %25.
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India's oil meal export in the month of May’22 went up by 12 %.

According to Solvent Extractor Association of India, India's oil meal export in the month of May’22 went up by 12 % to 5,55,453 tonnes compared to 2,28,319 tonnes in May’21. And reported 11% up in exports during April-May’22 at 5,89,425 tonnes compared to 5,32,024 same period last year.

 

First two months of current year 2022-23, export of rapeseed mealhas shown a sharp jump and reported at 3,98,355 tonnes comared to 2,74,692 i.e. up by 45%. As of now, India is most competitive supplier of rapeseed meal to south korea, Vietnam, Thailand and other far east countries. However, Soymeal export is at lowest level as india is out priced in International market. Current price of Soybean meal FOB Kandla is at $720/MT while Soybean meal Argentina CIF Rotterdam is quoted at $532 and Brazil at $525.