Don’t extend ban on de-oiled rice bran beyond July, says SEA

Don’t extend ban on de-oiled rice bran beyond July, says SEA

Don’t extend ban on de-oiled rice bran beyond July, says SEA

Qries


Cooking oil industry body Solvdnt Extractors’ Association has requested the central government to not extend the ban on export of de-oiled ricebran beyond July 31.India usually export about 5 to 6 lakh tons of Deoiled Ricebran mainly to Vietnam, Thailand and other Asian countries.The Government prohibited export of De-oiled Ricebran on July 28, of last year attributing it to the high fodder prices as De-oiled Ricebran is a major component. The ban, which was initially till March 31, 2024, was later extended up to July 31, 2024. “The De-oiled Ricebran prices now are at the lower level and likely to go down further with increased availability of DDGS. In view of the above facts and sharp fall in prices of De-oiled Ricebran, we have has appealed to the Government to not extend the prohibition beyond July 31, 2024,” said SEA. Y-o-y oilmeal export for the month of May down by 31% The export of oilmeals for the month of May, 2024 is provisionally reported at 302,280 tons compared to 436,597 tons in May 2023, down by 31%. According to SEA, the overall export of oilmeals during April to May 2024 reported at 767,436 tons compared to 930,045 tons during the same period of last year, down by 17%, mainly due to reduction in export of rapeseed meal and castorseed meal.South Korea, Thailand, Vietnam and Bangladesh are the major importer of Indian OilmealsDuring April-May 2024, South Korea imported 166,583 tons of oilmeals (compared to 189,705 tons); consisting of 132,874 tons of rapeseed meal, 27,101 tons of castorseed meal and 6,608 tons of soybean meal. Vietnam imported 32,699 tons of oilmeals (compared to 142,285 tons); consisting of 29,383 tons of rapeseed meal, 3,014 tons of soybean meal and 302 tons of groundnut meal. Thailand imported 57,390 tons of oilmeals (compared to 152,053 tons); consisting of 55,767 tons of rapeseed meal and 1,624 tons of soybean meal. Bangladesh sourcing rapeseed meal and soybean meal from India and imported 139,006 tons of oilmeals (compared to 193,606 tons), consisting of 114,916 tons of rapeseed meal and 24,090 tons of soybean meal. Iran has turned out to be largest importer of Soybean meal from India, including shipment via Dubai. It imported 81,475 tons of soybean meal.

Qries


Source link
Follow Us:
https://facebook.com/gagab2b
https://youtube.com/gagab2b
https://gagab2b.com

Scroll to Top