SOPA to urge govt to stop GM de-oiled cake import
Commodity Online | April 12 2019
UPDATED 11:15:29 IST

Edible Oil industry seeks duty difference of 10% between refined and crude Palm Oils

Saudi Arabia Crude Oil exports fall to 6.977 mn bpd in Feb: JODI

US likely to end sanctions waivers for Iran Oil imports

Maharashtra Sugar output hits record high in 2018-19

India Rice export prices decline on weak demand

The Soyabean Processors Association of India (SOPA) seeks to urge the government to stop the import of genetically modified (GM) de-oiled cake (DOC) into the country.

The DOC is imported only to be exported to Iran, but the import of GM crops and products is not allowed in India. Most of the arrivals have happened at Kandla port, SOPA said.

At least 2 lakh tonnes of GM oilcake might have landed in the country in the last few weeks, the association said.

Processors extract as much as 18 kg of oil from 100 kg (quintal) of soyabean. The protein-rich mass and other solid matter left after extraction is used in the animal feed industry and is popularly known as DOC or soyameal.

DOC is an exportable commodity that earns the processors foreign exchange. Indian soyameal, due to its non-GM nature, has a niche market worldwide. Last year, the country had recorded export of 20 lakh tonnes of DOC.

For the current oil year, SOPA data shows that 45.36 lakh tonnes of the meal was produced, up from 40.50 lakh tonnes last year.

Exports of de-oiled cake from India till March 2019 totalled 15.266 lakh tonnes as compared to 10.44 lakh tonnes in the corresponding period last year.

 

Commodity Arrivals Rate
Mustard Oil 14.93 9380.00
Coconut Oil 0.5 17500.00
Arecanut 2.14 19000.00
Sugar 45 3246.00

More

×