2 Indian Oilmeal Exports Surge 30 From April To October Soya Shipments And Rapeseed Meal Drive Revival

1. Indian Oilmeal Exports Surge 30% From April To October: Soya Shipments Indian Oilmeal Exports Surge 30% From April To October: Soya Shipments And Rape And Rapeseed Meal Drive Revival seed Meal Drive Revival In the first seven months of 2023–24, India exported 25.66 lakh tonnes (lt) of oilmeals, up 29.89% from 19.75 lt in the same period in 2022–23. Tradologie.com, a company registered in India, operates globally to connect oilmeal suppliers / vegetable oil suppliers from various exporting countries, including India, South Africa, EU nations, Turkey and more, with verified bulk oilmeal buyers / bulk vegetable oil buyers globally. The company is dedicated to streamlining the procurement process for oilmeal, ensuring seamless operations and efficient transactions for all stakeholders involved. The Solvent Extractors' Association of India (SEA) reported that oilmeals exports rose 36% year over year to 2.89 lt in October 2023 from 2.13 lt in October 2022. According to BV Mehta, Executive Director of SEA, this growth was facilitated by a resurgence in the export of soyabean meal and a sharp increase in the export of rapeseed meal. Soyabean meal Soyabean meal He mentioned that price competitiveness has contributed to the rise in Indian Soybean Exporters, citing the rise in demand for Indian soyabean meal abroad. In April through October of 2023–24, India exported 6.73 liters of soy meal, compared to 1.61 liters during the period in the previous year. As of November 16, the price per tonne for soybean meal (ex-Kandla) was $570, whereas the price per tonne for soybean meal from Argentina (CIF Rotterdam) was $606. The recent increase in Indian soyabean meal exports has been attributed to this price competitiveness.He claimed that the majority of Indian soyabean meal's customers are in South-East Asia where India has a logistical advantage and has

2. an ability to supply in small quantities. He claims that because Indian soyabean meal is non-GMO, it is preferred by certain European countries and the United States. Rapeseed meal Rapeseed meal India exported 15.13 lt of rapeseed meal from April to October 2023-24, up from 13.39 lt the previous year. At $325 per tonne (f.o.b. India), he claims India is the most competitive supplier of rapeseed meal to South Korea, Vietnam, Thailand, and other Far-East countries. Rapeseed meal (ex-mill) from Hamburg was quoted at $335 per tonne. In 2022-23, India exported 22.96 lt of rapeseed meal. This was the highest level since India began exporting rapeseed meal, he said. Ricebran ban hurting However, the ban on exporting de-oiled ricebran, according to Mehta, is harming the processing industry. India exports approximately 5-6 lt of de-oiled ricebran per year, primarily to Vietnam, Bangladesh, and Thailand. During April-July 2023-24, India exported approximately 1.5 lt. He stated that the Union government prohibited the export of de-oiled ricebran from July 28 to November 30, and that this decision has had a significant impact on domestic ricebran processors. Encouraging the government to remove the ban on exporting de-oiled ricebran and not to prolong it past November 30, SEA has sent representation to Parshottam Rupala, Union Minister for Fisheries, Animal Husbandry, and Dairying. Compared to 1.89 lt the previous year, India exported 2.13 lt of castorseed meal in the first seven months of 2023–2024. Major importers Major importers Compared to 5.60 lt the previous year, South Korea imported 5.22 lt of oilmeals from India between April and October of 2023–2024. 24,908 tonnes of soyabean meal, 1.22 lt of castorseed meal, and 3.75 lt of rapeseed meal were among them. India shipped 3.10 lt of oilmeals (compared to 3.67 lt in the same period of the previous fiscal year) to Vietnam between April and October of 2023–2024. This comprised 1.69 lt of rapeseed meal, 49,180 tonnes of soyabean meal, 90,540 tonnes of ricebran extraction, and 905 tonnes of groundnut meal. Thailand brought in 4.41 lt (3.90 lt) of oilmeals from India in the first seven months of 2023–2024. Included in this were 701 tonnes of castorseed meal, 4,666 tonnes of ricebran extraction, 6,789 tonnes of soyabean meal, and 4.29 litres of rapeseed meal. During the period April-October 2023-24, India exported 5.06 lt of oilmeals (2.06 lt) to Bangladesh. This included 2.73 liters of rapeseed meal, 2.05 liters of soyabean meal, and 27,771 tonnes of ricebran extractions. If you are a oilmeal importer / vegetable oil importer wishing to buy oilmeal in bulk / buy vegetable oil in bulk or a oilmeal exporter / vegetable oil exporter willing to export bulk oilmeal / export bulk vegetable oil, then Tradologie.com is the right platform for you. Tradologie.com is a next-generation SaaS platform that facilitates bulk agro-trade across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities at negotiable rates.

3. The transaction oriented platform has 600,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 150 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.