SEOUL: The export of oilmeals during August 2015 is reported at just 91,834 tonnes against 1.57 lakh tonnes in August 2014, that is, a decline of 42 per cent. The overall export of oilmeals during April-August 2015 has declined by 33 per cent to 6.10 lakh tonnes from 9.15 lakh tonnes during the same period of last year, according to the Solvent Extractors’ Association of India.
Soybean crushing is very much reduced due to continuous disparity and high price of domestic market affecting overall domestic availability of both oils and meals. The export of soybean meal is at a historical low during current year and reduced month by month and reported at 18,017 tonnes in April, 14,046 tonnes in May, 2,098 tonnes in June, only 928 tonnes in July 2015 and again only 768 tonnes in August 2015.
Capacity utilisation is at the lowest and many plants have closed down due to disparity in crushing and export.
South Korea, Vietnam, Taiwan and Thailand were the major importers of oilmeals.
During April-August, 2015, oilmeal export to South Korea was at 3.85 lakh tonnes against 4.24 lakh tonnes; consisting of 1.85 lakh tonnes of rapeseed meal, 1.99 lakh tonnes of castor meal and 685 tonnes of soyabean meal.
Vietnam imported 1.25 lakh tonnes against 93,586 tonnes; consisting of 392 tonnes of rapeseed meal, 480 tonnes of soyabean meal and 1.24 lakh tonnes of deoiled rice bran extraction.
Thailand imported 17,142 tonnes against 93,542 tonnes; consisting 10,500 tonnes of rapeseed meal, 1,238 tonnes of soybean meal and 5,404 tonnes of deoiled rice bran extractions.
Taiwan imported 20,895 tonnes against 37,008 tonnes last year; consisting of 14,118 tonnes of rapeseed meal, 6,262 tonnes of castor meal, 400 tonnes of groundnut meal and 115 tonnes of soybean meal.
Oman imported 18,734 tonnes against 8,667 tonnes last year consisting of 9,442 tonnes of soyabean meal and 8,792 tonnes of deoiled rice bran.
