Oilmeal export up 22 pc at Rs 3,178 cr in FY17

PTI Feeds
London, May 22 (PTI) Queen guitarist Brian May says he is in a much better place after going through a bad period last year and battling with a “persistent” illness. The 69-year-old musician says regular exercise and meditation have hugely helped him overcome the phase, reported Femalefirst. “I went through a very bad period before […]
Oilmeal export up 22 pc at Rs 3,178 cr in FY17

New Delhi, Apr 7 (PTI) India’s oilmeal export rose by 22 per cent to Rs 3,178 crore during the last fiscal on higher sales, according to trade data.

“The total export of oilmeal during April 2016 to March 2017 in terms of quantity is reported at 18,65,757 tonnes compared to 15,29,115 tonnes during the same period of last year i.e. up by 22 per cent,” Solvent Extractors’ Association of India (SEA) said in a statement.

In terms of value the total earning stood at Rs 3,178 crore compared to Rs 2,600 crore in 2015-16, it added.

Out of the total exports, the country shipped soyameal the maximum at 9,16,306 tonnes worth Rs 2,235.50 crore during the financial year 2016-17.

Oilmeal export increased by 42 per cent to 1,50,773 tonnes last month compared to 1,06,122 tonnes in March 2016.

South Korea imported 5,43,235 tonnes of oilmeal last fiscal, while Vietnam imported 3,28,348 tonnes, France 2,23,920 tonnes and Japan 1,92,575 tonnes. India exported 2,30,581 tonnes of oilmeal to Bangladesh.

This is published unedited from the PTI feed.