India’s prospects of mustard oil meal exports to China

India’s prospects of mustard oil meal exports to China have enhanced after the latest measures taken by the two countries to end a six-year-old ban imposed by China in 2012. Prior to the ban, China used to import nearly 3.50-4.00 lakh MT of mustard meal from India. The prices, too, have been supportive, with the currency situation creating a favourable case for oil meal exporters. Rapeseed meal prices declined to $216 per tonne in August 2018 from $239 per tonne in last year creating a favourable environment for exporters.