Amid growing desire from the feed industry, India registered report oilmeal imports in 4 decades at eleven,42,902 tonnes (1.1 mt) for the 12 months 2019-20.
According to Directorate Common of International Trade (DGFT) details, India’s oilmeal/oilcake imports rose to eleven,42,902 tonnes well worth ₹3,218 crore for 2019-20 as in opposition to 6,70,709 tonnes well worth ₹2,558 crore in 2018-19. The value of imports rose by 26 per cent.
India imports oilcake/meal for domestic processing as effectively as for direct utilization in cattle/poultry feeds.
“Import of oilcake/meal/feed is growing 12 months by 12 months for processing by solvent extraction industry to