Regular Update
ATM News Network: Total animal feed exports from India increased by 70% year-on-year to around 3.3 million tonnes during April-December 2022, according to the Solvent Extractors Association of India (SEA), a vegetable oil industry body.
According to the organisation, the residue left after oil extraction from oilseeds is called oilseed meal. Generally, the meal is used as animal feed. The total export of meal in December was 2.82 million tonnes.
According to the data, India's export of flour in January was 4,72,438 tonnes. In the same month last year, 1,76,967 tonnes were exported. In percentage terms, the export of meal has increased by 167 percent. Mustard meal exports hit a new high of 1.91 million tonnes, breaking the previous high in 2011-12.
Moreover, higher mustard oil prices and exports of the mustard meal have not only supported the domestic price of mustard but also boosted the area under mustard cultivation during the current rabbi season.
Rabi crops are usually planted in October and November. These crops are harvested between January and March. This harvest depends on the maturity of the crop. Mustard is one of the most important Rabi crops. The Ministry of Agriculture has forecast a record mustard production of 12.81 million tonnes for the current crop year (2022-23). The same figure was 11.96 MT in the previous crop year.
Soybean meal exports increased by 77% year-on-year to 0.55 MT in April-January 2022-23. According to officials, domestic soybean prices fell from a high of `7,640/quintal to around 4,700/quintal in April 2022, encouraging harvest and good prices. Indian rice is mainly exported to South East Asian countries due to ease of supply and small consignment size.
