India's oilmeal exports in the year to March 2006 are estimated to exceed a record 4 million tonnes, sharply up from 2.69 million tonnes a year ago, the Solvent Extractors' Association of India said on Monday.
Trade officials said new markets for meal in China, Vietnam and South Korea had boosted exports, while the spread of bird flu across the region failed to have any negative impact on meal sales. The meal is used as a feed in the poultry industry.
"Looking at world demand and price competitiveness, the overall exports of oilmeal from India ... may set a new record," the Mumbai-based trade body said in a statement. The country's soyameal exports are expected to rise to more than 3.0 million tonnes during the year from 1.86 million a year ago, BV Meath, the association's executive director told Reuters.
Trade officials said a good soyabean crop had helped to boost exports. "China has emerged as a new market for Indian soyameal, Vietnam, Thailand and Japan bought Indian castor meal, while Korea bought more rapeseed meal during the year," he said.
Total oilmeal exports in the 11 months to February 2006 are up 48 percent at 3.6 million tonnes compared with 2.4 million tonnes in the same period a year ago. Oilmeal exports in February were reported at 662,250 tonnes compared to 272,196 tonnes in the same month last year.
Exports of soyameal were reported at 2.7 million tonnes between April 2005 and February 2006, compared with 1.6 million tonnes in the same period a year. Overseas sales of castor meal increased to 189,000 tonnes compared to 70,000 tonnes during the same period of 2005.
The meal, used for years as an organic fertiliser in Taiwan and South Korea, is now being exported Vietnam, Thailand and Japan.
Groundnut meal trade was steady, while rapeseed meal exports fell by 82,000 tonnes due to less crushing in the last few months. Rice bran extraction export revived and touched 115,000 tonnes compared to 43,000 tonnes to March 2005.
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