Cooking Oil Exports Rose 20% In June, Reveals Industry Data
The rise in exports in June has been attributed to the surge in shipments of soyabean meal.
India's exports of oilmeals rose 20% in June to 3,35,196 tonnes mainly on surge in shipments of soyabean meal, according to industry data.
The exports stood at 2,80,001 tonnes in the same month last year.
The Solvent Extractors' Association of India on Wednesday released the data of exports of oilmeals.
However, the total exports of oilmeals during the April-June quarter of 2024 declined 9% to 11,02,632 tonnes as compared to 12,10,045 tonnes in the year-ago period, mainly due to reduction in export of rapeseed meal, castorseed meal and no export of de-oiled rice bran since September last year due to export prohibition, the association said.
The de-oiled rice bran prices now are at the lower level and likely to go down, SEA said, urging the government not to extend the prohibition beyond July 31, 2024.
