India Oilmeals Export Jumps 42% During April - January 2010-11.

As per latest release from Solvent Extractors' Association (SEA )of India, the export of oilmeals during January 2011 is reported at 6.40 lakh tonnes compared to 7.56 lakh tonnes in previous month (Dec., 2010), down by 15%. The overall export of oilmeals for April 2010 to January 2011 ( 10 months ) is reported at 37.88 lakh tonnes compared to 26.77 lakh tons, up by 42%.

Last year, during November,09 to February, 2010, export of oilmeals was dropped heavily due to disparity in domestic market. However, this year, during last four months, due to recovery in soybean meal export coupled with good crush margin and better oil prices boosted the export.The total exports of soya meal exports were reported at 2.88 lakh tonnes during the April - January 2010-11 ,up 66.7% from the last year. However , decline was seen in other oilmeals such as Rapeseed and Castorseed meal , down 1.7% and 8% respectively from the last year.

SEA mentioned that oilmeal import by South Korea from India during April.'10-January.'11 is reported at 4.62 lakh tonnes compared to 3.65 lakh tonnes. Japan doubled the import to 9.77 lakh tonnes compared to 4.13 lakh tonnes last year.

The export from Kandla is reported at 17.10 lakh tonnes (45%), followed by Mumbai including JNPT which handled 10.48 lakh tonnes (28%), Mundra handled 6.43 lakh tonnes (17%) Bedi handled 2.51 lakh tonnes (7%), Kolkata handled 0.65 lakh tonnes (2%) and Vizag handled 0.64 lakh tonnes (2%).

Source : indiainfoline.com