Oilmeal Export Surges

Mumbai: Export of oilmeals soared to a new high in terms of both volume and value. Shipments during fiscal 2006-07 aggregated 51.7 lakh tonnes (lt) valued at Rs 4,300 crore. This represents a 17 per cent rise by volume and 21 per cent by value. Rapeseed extractions recorded an increase to 9.7 lt. from 5.3 lt the previous year. Soyabean extraction maintained to dominate the export basket with 36.6 lt (34.2 lt), while ricebran extraction shipments doubled to 2.5 lt. Castor meal export was unchanged at 2.0 lt owing to lower crop.