Oilmeal exports down 74% in February
Total oilmeal exports during the period April 2015 February 2016 fell by 52% to 1,092,905 tonnes from 3,969,903 tonnes during the same period of 2013-14 The Dollar Business Bureau Currently, Indian soybean meal is quoted at $480 per tonne against that of Argentina at $321 per tonne, and out-priced by about $160 per tonne in international market Indias oilmeal exports slumped by 74% in February due to a large decline in soyabean crushing and domestic unavailability of oil and meals. In February, Indias oilmeal exports stood at just 53,866 tonnes as against 208,499 tonnes in February 2015. Total oilmeal exports during the period April 2015 February 2016 fell by 52% to 1,092,905 tonnes from 3,969,903 tonnes during the same period of 2013-14. Soybean ...
'Oilmeal exports unlikely to escalate in coming months'
Deepak Kumar | The Dollar Business Even as India’s oilmeal exports recorded a marginal growth of 4% in September, industry experts believe that the shipments are unlikely to witness a significant growth in coming months. “We are not expecting a healthy exports trend in coming months. There are several obstacles ahead including high oil and bean prices, and they are pulling down India’s oilmeal exports. Overall exports are already down by more than 30% in the first six months of the current financial year over the same period in 2014-15. We need some strict measures,” B V Mehta, Executive Director of the Solvent Extractors’ Association (SEA), told The Dollar Business. Oilmeal exports in September registered a growth of 4% and reached 1.14 ...
