Exports of Indian oilmeal declined to all major importing countries except Iran

19-Jun-2024 09:01 PM

Mumbai. During the first two months of the current financial year i.e. April-May 2024, 7.67 lakh tonnes of oilmeal was exported from India which was 17 percent less than the shipment of 9.30 lakh tonnes in the same months of the year 2023.

During the period under review, the export performance of Indian oilmeal remained weak to all other major importing countries except Iran.

According to the available data, during April-May 2024, compared to April-May 2023, India's export of oilmeal (DOC) to South Korea slipped by 12 percent from 1.90 lakh tons to 1.67 lakh tons,

Vietnam fell by 77 percent from 1.42 lakh tons to 33 thousand tons, Thailand fell by 62 percent from 1.52 lakh tons to 57 thousand tons,

Bangladesh fell by 28 percent from 1.94 lakh tons to 1.39 lakh tons and Taiwan fell by 29 percent from 50 thousand tons to 35 thousand tons. On the other hand,

its export to Iran jumped from 4 thousand tons to close to 82 thousand tons. During the period under review, Indian oilmeal exports from Kandla port improved by 1.75% from 2,41,410 tons to 2,45,645 tons and from Mumbai/JNPT jumped 44% from 93,454 tons to 1,34,683 tons. However,

oilmeal shipment from Mundra port declined by 36% from 3,00,187 tons to 1,92,987 tons and DOC shipment from ports other than Kolkata declined by 20% from 2,42,863 tons to 1,94,120 tons.

As far as Kolkata port is concerned, it mainly exports rice bran extraction. Since CK exports have been banned since July 2023,

there was no shipment of oil meal from this port in April-May 2024, whereas 52130 tonnes of DOC was exported from there in April-May last year.