SEA of India pegged July’18 oil meal export to 148983 tons compared to 125904 tons in July’17; export has increased by 23.9%. Export in the mustard meal increases significantly from last year.
The ongoing dispute between China & the US is a chance to open window for Indian oil meals to China and it most likely China may resume imports from Indian after ban since 2012. Soymeal export was at 63747 ton compared to last year’s 80797 ton and compared to 104088 ton in last month. Mustard meal 46364 ton compared to the previous year 14753 ton and 91475 ton in Jun’18.