South Korea’s Oilmeal Imports from India Down by 198,000 tonnes

INDIA – South Korea oilmeal imports from India has recorded a drop of 198,000 tonnes at 831,967 tonnes during April 2014 to February 2015 as compared to 1.02 million tonnes imported during the same period last year, the Solvent Extractors’ Association of India (SEAI) which work for vegetable oil industry said in a report.

SEAI said that not only South Korea, import from Iran, Thailand, Taiwan and from European countries were also down during 11 months period in this fiscal.

Iran imported 362,091 tonnes, as compared to 1.14 million tonnes last year consisting of 220,300 tonnes of soybean meal and 141,791 tonnes of rapeseed meal. Imports from Thailand were at 190,639 tonnes, against 311,297 tonnes; consisting 182,259 tonnes of rapeseed meal and 8,380 tonnes of soybean meal.

Taiwan imported 68,292 tonnes, against 108,606 tonnes last year; consisting of 31,148 tonnes of rapeseed meal, 24,192 tonnes of castor meal, 12,053 tonnes of soybean meal and 899 tonnes of groundnut meal, Europe imported 209,011 tonnes, as compared to 567,868 tonnes last year.

Deoiled rice bran extraction rallied imports from Vietnam that was increased to 281,682 tonnes from 202,072 tonnes of oilmeal imports during the same period last year; consisting of 67,043 tonnes of rapeseed meal, 18,122 tonnes of soybean meal and 1,449 tonnes of groundnut meal.

The export from Kandla port was reported at 1.58 million tonnes with 71 per cent, followed by Mumbai including JNPT handled 269,074 tonnes with 12 per cent share, Kolkata port handled 224,116 tonnes with 10 per cent share, Mundra port handled 83,775 tonnes with 4 per cent, Bedi port handled 32,197 tonnes 1 per cent share and Pipavav port handled 37,386 tonnes with 2 per cent share.

Jagdish Kumar, Editor

Jagdish Kumar, Editor


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