India’s Oilmeal Exports Jump 21% In Last Five Months.

The Solvent Extractors’ Association of India (SEA) has compiled the export data for export of oilmeals for the month of August 2018. The export of oilmeals during August 2018, provisionally reported at 227,939 tons compared to 261,356 tons in August 2017. The overall export during April to August 2018 is reported at 1,192,095 tons compared to 986,606 tons during the same period of last year i.e. up by 21%. 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. This will open up Chinese market for India.