Exports of oil mills increased 6 percent to 32 lakh tonnes in the financial year 2018-19. This year, oilmills exported 30.2 million tons a year ago. This is due to the surge in soybean meal exports.
Income from exports of oil mills increased 31 percent to Rs 6,221.95 crore from Rs 4761.80 crore. According to the Solvent Extractors Association of India (SEA), export of soybean meal increased from 11 lakh tonnes to 13.3 lakh tonnes during this period. Due to strong demand from Iran, export of soybean meal has increased.
Seva Executive Director, BV Mehta said, "The Iranian market has opened for Indian soybeans. During 2018-19, India increased export of 5 lakh tonnes of soybean meal to Iran compared to the amount of 23,000 tonnes last year.
Income from exports of oil mills increased 31 percent to Rs 6,221.95 crore from Rs 4761.80 crore. According to the Solvent Extractors Association of India (SEA), export of soybean meal increased from 11 lakh tonnes to 13.3 lakh tonnes during this period. Due to strong demand from Iran, export of soybean meal has increased.
Seva Executive Director, BV Mehta said, "The Iranian market has opened for Indian soybeans. During 2018-19, India increased export of 5 lakh tonnes of soybean meal to Iran compared to the amount of 23,000 tonnes last year.
Seva Executive Director, BV Mehta said, "The Iranian market has opened for Indian soybeans. During the year 2018-19, India exported 5 lakh tonnes of soybean meal to Iran against the previous year's 23,000 tonnes.
The increase in the export of rapeseed meal (also of mustard meal) also contributed to the much more oilmate exports. It increased from 6.60 lakh tonnes to 10.5 million tonnes. The export of rapeseed meal has increased mainly with the excellent demand from South Korea, Vietnam and Thailand.
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