Oilmeals Export Falls 73% Over Year In September 2018.

According to a latest update from the Solvent Extractors’ Association of India (SEA) the export of oilmeals during September 2018, is provisionally reported at 81,511 tons compared to 298,182 tons in September 2017 i.e. down by 73%. However, the overall export during April to September 2018 is reported at 1,403,382 tons compared to 1,284,788 tons during the same period of last year i.e. up by 9%. The ongoing trade dispute between USA and China has created a lot of uncertainty and forcing China to look out to other origins for their requirements of soybean and oilmeals. This has compelled China to relook its ban imposed for importing of oilmeals from India since 2012. According to Ministry of Commerce/Export Inspection Council of India.