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Soy Oil News - Oil meal exports in April August%EF%BF%BD%EF%BF%BD%EF%BF%BD22 went up by 40%25 to 15.31 Lakh tonnes:SEA
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Oil meal exports in April- August’22 went up by 40% to 15.31 Lakh tonnes:SEA

   

 

 

Total oil meal exports in April- August’22 went up by 40% to 15.31 Lakh tonnes vs 10.92 Lakh tonnes previous year same period. However, Soymeal exports went down by 30% to 1.08 Lakh tonnes in April-Aug’22 Vs 1.55 Lakh tonnes previous year same period. Soymeal exports went down due to over-priced Indian soymeal in the global markets.

There is a significant jump in export of rapeseed meal and reported at 10.80 Lakh tons compared to 5.42 Lakh tons i.e., up by 99%. And in Aug’22 exports recorded up by 272% to 2.26 Lakh tonnes vs 0.61 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, we expect good exports amid firm demand from South eastAsia.