OILMEALS SHIPMENTS
India's oilmeal exports up 5 pc in Oct; rapeseed meal shipments decline
India witnessed a 5% increase in oilmeal exports this October, reaching 3.05 lakh tonnes. This positive trend follows a 7% decline in oilmeal exports from April to October compared to the same period last year. The decline was mainly due to lower shipments of rapeseed and castorseed meals.
India's oilmeals export down 35 pc in Sep to nearly 2.14 lakh tonnes: Trade data
India's oilmeals export dropped by 35 per cent to 2,13,744 tonnes in the last month, with significant declines in soyabean, rapeseed, and castorseed meals. Overall, April-September 2024 exports fell by 9 per cent to 20,82,533 tonnes. Despite this, soyabean meal exports surged due to higher demand from the UAE, Iran, and France.
Oilmeals export declines by 9% in Q1 FY 2034-25; June exports down by 20%: Report
Foreign direct investments (FDI) in India¡¯s information and broadcasting sector increased by 87% to Rs 7,012 crore for the fiscal year ending March 31, 2024, up from Rs 3,745 crore the previous year, according to DPIIT. A significant portion, Rs 4,306 crore, came from Bodhi Tree Systems' investment in Viacom 18, representing over 60% of the total FDI.
India's oilmeal exports start 2024-25 on a weak note, drop 6% in April
According to the Solvent Extractors' Association of India, which has put out the trade data, said the country harvested a record crop of soybean in Kharif season last year and mustard in Rabi season which encouraged higher crushing and increased availability of meals, both for the domestic consumption and exports.
India exports record 48.86 lakh tonnes oilmeal in FY24: SEA
The industry body said the export of soyabean meal revived during the year and reported at 21.33 lakh tonnes in 2023-24 fiscal, compared to 10.22 lakh tonnes in 2022-23 as Indian soybean meal was most competitive in the international market.
India's oilmeal exports in 2023-24 fiscal hit record high
India's oil meal exports in the 2023-24 fiscal year have reached a record high in both quantity and value, according to data from the Solvent Extractors' Association. Exports have increased to 4,885,437 tons valued at Rs. 15,370 crores, up by 13% in quantity and 35% in value compared to the previous year. The export of soybean meal saw a significant increase, but faces competition from Argentine origin in the international market.
India's oilmeals export up 9 pc to nearly 5.16 lakh tonne in Feb on higher soyameal shipments
Oilmeals export in February rose 9% to 5.16 lakh tonnes, led by soyabean meal. Indian competitiveness faces threat from Argentina's pricing, affecting export outlook. South Korea and Vietnam imports declined, showing shifting market dynamics.
Feeding the world¡¯s livestock: How India may have found an export jackpot
The global animal feed market is giving a push to India¡¯s oilmeal exports, a segment that usually goes under the radar.
India's oilmeals export rises 36 per cent in October to nearly 2.9 lakh ton: Trade data
Soyabean meal export rose to 87,060 tonnes last month from 40,196 tonnes in the year-ago period, while shipment of rapeseed meal increased to 1,69,422 tonnes from 98,571 tonnes during the period under review. "Foreign demand for Indian soyabean meal has benefited from improved price competitiveness and the shortage of Argentine export supplies in recent months," SEA said.
India's April-October oilmeal exports up 38.45% to 19.84 lakh tonnes
The country's export of oilmeal, used as animal feed, rose 38.45 per cent to 19.84 lakh tonnes during the April-October period of the current fiscal on sharp rise in shipment of rapeseed meal, industry body SEA said on Thursday. The country had exported 14.33 lakh tonnes of oilmeal in the same period of the previous financial year
Oilmeals export jumps over 2-fold to nearly 4.32 lakh tonnes in June
"Export of oilmeals for the month of June 2022 provisionally reported at 431,840 tonnes, compared to 203,868 tonnes in June 2021," Solvent Extractors' Association said in a statement. SEA highlighted that there was record export of rapeseed meal last month at 3,08,549 tonnes on increased domestic output as well as processing.
Oilmeals exports up 10% to 3.34 lakh tonnes in April
SEA pointed out that the exports of oilmeals fell to 23.8 lakh tonnes last fiscal year from 36.8 lakh tonnes in previous year. In term of value, exports declined to Rs 5,600 crore from Rs 8,900 crore in 2020-21.
India Jan oilmeal export dips 65% to 1.76 lakh tonnes: SEA
During the April-January period of the current fiscal, overall export of oilmeal fell 35 per cent to 19.43 lakh tonnes, when compared with 29.69 lakh tonnes in the year-ago period.
India's Nov oilmeal exports down 51 pc; soybean meal export unlikely next 2-3 months: SEA
The country had exported 3.32 lakh tonne of oilmeal in the same month previous year. Oilmeals are used as animal feed in poultry and other sectors.
Oilmeal exports down 36% in September 2021, says Solvent Extractors' Association
In the first six months of 2021-22, oilmeal exports fell to 12.75 lakh tonne from 13 lakh tonne in the year-ago period. According to the latest data released by the Solvent Extractors' Association (SEA), soyameal exports declined sharply to 5,831 tonnes in September this year from 68,576 tonnes in the year-ago period.
Oilmeal exports down 4% in August, says Solvent Extractors' Association
According to the latest data released by the Solvent Extractors' Association, soyameal exports declined sharply to 10,975 tonne in August this year from 58,190 tonne in the year-ago period.
Oilmeal exports drop 73 pc in Aug at 98,871 tonnes
The overall export of oilmeals during April-August 2019 declined to 10,16,682 tonnes as compared to 13,26,626 tonnes in April-August 2018.
Oilmeal exports in May fall 78% due to US sanctions on Iran: SEA
India stopped importing crude oil from Iran from May 2 after the US sanction waiver expired and the Trump administration refused to extend it.
Export of oilmeals rose 31% to Rs 6,222 crore in FY19
Shipment of rapeseed meal rose sharply to 10,51,869 tonnes from 6,63,988 tonnes.
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