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SEA of India Estimates 64 percent Decline In Oilmeal Exports During November,2019
06-Dec-2019 (19:10)

As per the latest update of Solvent Extractors' Association of India, the export of oilmeals during November 2019 is provisionally reported at 126,128 tons compared to 353,405 tons in November, 2018 i.e. down by 64%. The overall export of oilmeals during April-Nov., 2019 is reported at 1,652,599 tons compared to 2,086,321 tons in April-Nov., 2018 i.e. down by 21%. This is mainly due to disparity in export of oilmeals, specifically soybean meal due to higher MSP of beans which makes the domestic soybean meal expensive in international market compared to other origins.

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