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ANALYSIS

Oilmeal exports between April 2017 and January 2018 up by 68 per cent
Thursday, 15 February, 2018, 08 : 00 AM [IST]
Our Bureau, Mumbai
The overall exports of oilmeal between April 2017 and January 2018 were provisionally reported at 23,62,049 tonne. This was an increase of 68 per cent vis-a-vis the exports in the same period of last year (14,09,527 tonne). This was stated by the Solvent Extractors’ Association (SEA) of India, which compiled the data for export of oilmeal for the month of January 2018.

The export in January 2018 was provisionally reported at 1,16,150 tonne vis-a-vis 2,39,613 tonne in January 2017 (i e down by 52 per cent). On November 17, 2017, the government raised the import duty on edible oils by 12.5 per cent to 15 per cent across the board and increased the Merchandise Export from India Scheme (MEIS) on soybean meal to seven per cent from five per cent.

These steps have made Indian oilmeal more competitive in the world market and may result in larger export of oilmeal during the current year. Secondly, after two difficult years, the export of oilmeal has revived in the current year, but is still lower than it was in earlier years, when India used to export over 40-45 lakh tonne of oilmeal annually.

Export of oilmeal between April 2017 and January 2018

(Quantity in metric tonne)

Month

Soybean meal

Rapeseed meal

Groundnut meal

Ricebran extraction

Castorseed meal

Total

Last year

Change%

April 2017


1,24,374


35,850


-


32,049


11,425


2,03,698


1,13,978


(+) 79%


May 2017


48,900


56,107


-


20,376


19,141

1,44,524


57,954

(+) 149%


June 2017


45,975


58,899


-


26,935


1,19,315


2,51,124


1,32,771

(+) 89%


July 2017


80,797


14,753

205


25,015


5,134


1,25,904


1,08,638


(+) 16%


August 2017


87,668


70,820


208


42,610


60,050


2,61,356


71,879

(+) 263%


September 2017


1,02,212


64,198

205


47,361


84,206


2,98,182


1,09,309

(+) 173%


October 2017


71,425


22,731

654


51,550


53,798


2,00,158


1,03,640


(+) 93%


November 2017


2,07,630

69,105


314


28,843


63,630


3,69,522


1,70,189

(+) 117%


December 2017 ®


1,68,865

69,474


5,051


91,423


56,618


3,91,431


3,01,556

(+) 30%

January 2018 (P)


76,089


3,128


204


5,600


31,129


1,16,150


2,39,613

(-) 52%

April 2017-January 2018



April 2016-January 2017


10,13,935



6,01,270


4,65,065




1,84,158


6,841




2,246


3,71,762




2,84,186


5,04,446




3,37,667


23,62,049




14,09,527


14,09,527


(+) 68%


2016-17 (F Y)


9,16,306


2,18,845


2,918


3,36,496


4,10,915


18,85,480



2015-16 (F Y)

3,87,298


3,31,201


1,102


3,53,195


4,56,319


15,29,115


2014-15 (F Y)


6,59,593


10,67,159


3,013


2,77,492

4,58,406


24,65,663

2013-14 ( Y)


27,81,985


9,16,050


3,290


1,47,001


5,33,668


43,81,994

® Revised , (P) Provisional * to update later

Average FOB price of oilmeal and exchange rate (Price in $ FAS/FOB/Tonne/Indian Port)

Meal

January

2018

December

2017


November

2017


October

2017

September

2017


August

2017


July


2017


June


2017


May


2017


April


2017


March


2017


January

2017


Soybean meal

409

375


360


375


399

398


391


371


388


386


369

361

Rapeseed meal

226

224


223

222


236


239

220


230


238


240


240

250

Groundnut extraction

NQ


NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

Rice bran extraction

NQ


NQ

NQ

NQ

NQ

NQ

NQ

164


173


175


169

168

Castor seed meal

77

79


80


78


69


63


NQ

59


63


63


61

65

E: $1 = Rs

63.65

64.24


64.84


65.04


64.47


63.97


64.42

64.45


64.42


64.53


65.8

68.04

South Korea, Vietnam, Thailand, Germany and Europe – Major importers of oilmeal Between April 2017 and January 2018, oilmeal imported by Vietnam from India was reported at 4,45,489 tonne compared to  2,71,144 tonne. It consisted of 31,169 tonne of soybean meal, 70,123 tonne of rapeseed meal and 3,44,197 tonne of de-oiled rice bran extraction. South Korea imported 6,70,204 tonne compared to 4,63,019 tonne. It consisted of 2,26,360 tonne of rapeseed meal, 4,15,510 tonne of castor meal and 28,334 tonne of soybean meal.
Bangladesh imported 1,27,275 tonne compared to 1,76,688 tonne. It consisted of 26,037 tonne of rapeseed meal, 5,857 tonne of de-oiled rice bran extractions and 95,381 tonne of  soybean meal. Thailand imported 1,45,452 tonne compared to 12,943 tonne. It consisted of 1,01,312 tonne of rapeseed meal, 9,454 tonne of de-oiled rice bran extractions and 34,651 tonne of soybean meal. European countries were the major importer of Indian soybean meal.  France imported 1,03,541 tonne compared to 1,26,456 tonne. It consisted of 98,310 tonne of soybean meal and 5,231 tonne of castor meal. The rest of the European countries imported 3,50,514 tonne of oilmeal, mainly soybean meal.

Major importers of oilmeal (Quantity in metric tonne)

Country

April 2017 to

January 2018


April 2016 to

January 2017

Percentage change

Vietnam

4,45,489

2,71,144

(+) 64.30%

South Korea

6,70,204

4,63,019

(+) 44.75%

France

1,03,541

1,26,456

(-) 18.12%

Bangladesh

1,27,275

1,76,688

(-) 27.97%

Thailand

1,45,452

12,943

-

Germany

1,31,813

18

-

Rest of Europe

2,18,701

18,294

-


Port-wise export: April 2017 and January 2018

The export from Kandla was reported at 12,56,033 tonne (53 per cent). Mumbai, including Jawaharlal Nehru Port (JNP) handled 3,44,619 tonne (15 per cent). Mundra handled 1,95,533 tonne (eight per cent), while Kolkata  handled 3,53,652 tonne (15 per cent) and other ports handled 21,221 tonne (nine tonne).

Export from major ports (Quantity in metric tonne)

Port

April 2017 to

January 2018

April 2016 to

January 2017

Percentage

change

Kandla

12,56,033

6,48,123

(+) 93.80%

Mumbai/JNP

3,44,619

1,72,202

(+) 100.12%

Kolkata

12,56,033

6,48,123

(+) 93.80%

Mundra

1,95,533

1,09,502

(+) 78.57%


 
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