South Korea to import Indian rapeseed meal
The Dollar Business Bureau South Korea will import 24,000 tonnes of rapeseed meal from India in the next two months. The move came after the prices of edible oil in Germany and other European market shot up in the past few weeks. According to reports, South Korean food grain group Korea Feed Association on Thursday bought 12,000 tonnes of Indian rapeseed meal at the rate of $275.98 per tonne. Traders in Europe said that the import of Indian oil meal will cost the buyer an additional surcharge of $1.75 per tonne for port unloading. The purchase has been made for delivery around August 30, the report said. On Friday, another South Korean firm NOFI has also purchased 12,000 tonnes of rapeseed meal from ...
China lifts ban on rapeseeds: Do Indian exporters care?
Aadhira Anandh | The Dollar Business While many might perceive China recently lifting its ban on the import of rapeseed meal from India as an outcome of Prime Minister Narendra Modi’s recent trip to the country, a proper analysis reveals that the Chinese ban hasn’t at all impacted the country’s exports of it. For, despite China being the top importer of rapeseed and colza seed from India before the ban, India’s exports of the residue have continued to grow year after year, reaching an all-time high of $310.7 million in FY2014. This, on the back of the country increasing its rapeseed meal shipments to other traditional markets like South Korea and Bangladesh – a lesson that all industries ...
