Oil-meals export stood at 97,871 tonnes during May, a jump of 69% compared to shipments of 57,954 tonnes in May 2016, as per data compiled by Solvent Extractors’ Association of India (SEA). This jump is on account of good monsoon, better oilseeds production and price parity in the global market. Though exports are showing an improvement in percentage terms, they are still lower when compared to the earlier years. During April-May period of this fiscal, 3,015,69 tonnes was exported as against 1,71,932 tonnes in the year-ago period.

Of the total exports undertaken during May 2017, shipments to Europe and other countries increased to 1,27,548 tonnes from 3,989 tonnes in the year-ago. Oil-meals exports to South East Asian countries also rose to 1,66,127 tonnes from 1,58,080 tonnes, but the shipments to Middle East fell to 7,894 tonnes from 9,861 tonnes.

Among types of oil-meals, shipment of soyabean meal increased to 48,159 tonnes in May 2017 from 10,400 tonnes and rapeseed meal rose to 42,488 tonnes from 3,090 tonnes in the said period. However, the shipment of ricebran extraction fell sharply to 5,200 tonnes from 42,032 tonnes and castorseed meal to 2,024 tonnes from 2,432 tonnes.

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