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Soymeal News - Oil Meal Export Update June22
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Oil Meal Export Update June'22

  

 

 

Total oil meal exports in April- June’22 went up by 39% to 10.21 Lakh tonnes vs 7.35 Lakh tonnes previous year same period. However, Soymeal exports went down by 35% to 0.78 Lakh tonnes in April-June’22  Vs 1.20 Lakh tonnes previous year same period. Soymeal exports went down due to over-priced Indian soymeal in the global markets.  And during the first three months of the current financila year, there is a significant jump in export of rapeseed meal and reported at 706,904 tons compared to 384,807 tons i.e., up by 84%. And in June’22 exports recorded up by 180% to 3.08 Lakh tonnes vs 1.10 Lakh tonnes in the previous year same period. Upon record crop of rapeseed and crushing resulted in the 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. In Upcoming months too, weexpect good exports amid firm demand from South east Asia.