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ECONOMY

Export of oilmeals rose 31% to Rs 6,222 cr in FY19 – Information by Automobilnews.eu

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Export of oilmeals rose 31% to Rs 6,222 cr in FY19


Export of oilmeals rose by 31 p.c to Rs 6,222 crore over the past fiscal yr on greater volumes in addition to worth realisation, trade information confirmed.

The nation had exported oilmeals value Rs 4,762 crore in the course of the 2017-18 fiscal, in keeping with the Solvent Extractors’ Affiliation of India (SEA) information.

In quantity phrases, the exports elevated 6 p.c to three.2 million tonnes within the 2018-19 fiscal yr from 3.02 million tonnes within the earlier yr.

Cargo of rapeseed meal rose sharply to 10,51,869 tonnes from 6,63,988 tonnes. South Korea, Vietnam and Thailand have been main importers of rapeseed meal.

The export of soyabean meal additionally rose to 13,37,215 tonnes over the past fiscal from 11,87,818 tonnes within the earlier yr.

Nonetheless, the outward cargo of rice-bran meal dropped to 4,40,927 tonnes from 594,129 tonnes. The export of castorseed meal was down to three,67,084 tonnes from 5,72,762 tonnes.

The key importers of Indian oilmeals have been Vietnam (6,15,403 tonnes), South Korea (7,38,795 tonnes), Thailand (3,02,619 tonnes), Taiwan (1,19,794 tonnes) and Iran (5,08,050 tonnes).

Iranian market has as soon as once more opened up for Indian soybean meal. Over the past fiscal, Iran imported over 5 lakh tonnes of soyabean meal as towards simply 23,000 tonnes within the earlier yr.



Export of oilmeals rose 31% to Rs 6,222 cr in FY19 – Information by Automobilnews.eu
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