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ANALYSIS

Oilmeal exports in first quarter of 2017 up by 64 per cent, states SEA
Monday, 10 July, 2017, 08 : 00 AM [IST]
Our Bureau, Mumbai
The Solvent Extractors’ Association of India (SEA) has compiled the data for the export of oilmeals for the quarter ended June 2017. The overall exports of oilmeals between April and June 2017 were provisionally reported at 4,99,140 ton, vis-a-vis the 3,04,703 ton exported during the corresponding period of last year. In other words, it was up by 64 per cent.

In June 2017, the exports of oilmeal were reported at 1,50,918 ton vis-a-vis the 132,771 ton exported in June 2016. That is a 14 per cent increase.  

In the last three months, the export of oilmeals improved compared to the previous year, thanks to the good rainfall, better oilseed production and price parity.

In percentage terms, the exports showed improvement, but still it was lower compared to the earlier years, which can be seen from the following table.

It may be also noted that India faced drought years in 2014-15 and 2015-16, which led to the lower production of oilseeds, which affected the exports of oilmeals.  

Exports of oilmeals between April and June 2017 (Quantity in metric ton)

Month

Soybean meal

Rapeseed meal

Groundnut meal

Rice bran ext

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 (R)

48,900

56,107

---

20,376

19,141

1,44,524

57,954

(+) 149%

June (P)

41,328

44,074

---

3,000

62,516

1,50,918

1,32,771

(+)   14%

April–June 2017

 

April–June 2016

2,14,602

 

40,625

1,36,031

 

 

60,889

---

 

 

115

55,425

 

 

1,22,266

93,082

 

 

80,808

4,99,140

 

 

3,04,703

3,04,703

(+)   64%

2016-17 (F Y)

9,16,306

2,14,682

2,918

3,20,936

4,10,915

18,65,757

 

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

1,06,715

93,013

2,77,492

4,58,406

24,65,663

2013-14 (F Y)

27,81,985

9,16,050

3,290

1,47,001

5,33,668

43,81,994

2012-13 (F Y)

34,39,848

7,86,690

2,883

2,33,200

3,83,392

48,46,013



(R)Revised
(P) Provisional

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

Meal

June

2017

May

2017

 

Apr

2017

Mar

2017

Feb

2017

Jan

2017

Dec

2016

Nov

2016

Oct

2016

Sept

2016

01/08/16

June

2016

Soybean meal

371

388

386

369

363

361

363

367

408

463

486

492

Rapeseed meal

230

238

240

240

245

250

268

275

282

282

288

285

Groundnut ext

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

454

Rice bran extraction

164

173

175

169

176

168

169

174

181

188

189

182

Castor seed meal

59

63

63

61

57

65

67

67

67

69

67

70

E: $1 = Rs

64.45

64.42

64.53

65.8

66.97

68.04

67.8

67.64

66.74

66.71

66.9

67.27



International price vis-a-vis Indian FOB price (on July 6, 2017)

Meal

International price $/T

Indian FOB price $/T

Soybean meal 

$350 Arg CIF Rotterdam (July)

$390 FAS Kandla (Ready)

Rapeseed meal 

$227 Hbg ex Mill (July)

$230 Kandla (Ready)



Germany, Vietnam, South Korea & Europe  – Major importers of oilmeals
Between April and June 2017, the oilmeal imported by Vietnam from India was reported to be 62,881 ton compared to 1,13,693 ton. This consisted of 7,816 ton of soybean meal, 9,751 tons of rapeseed meal and 45,314 tons of de-oiled rice bran extraction. South Korea imported 1,70,458 ton compared to 127,700 ton. This consisted of 96,523 ton of rapeseed meal, 70,862 ton of castor meal and 3,073 ton of soybean meal. Thailand imported 34,240 ton compared to 1,066 ton. This consisted of 14,814 ton of rapeseed meal, 8,142 ton of de-oiled rice bran extractions and 11,284 ton of soybean meal. European countries were the major importers of Indian soybean meal. Germany imported 27,812 ton of soybean meal and the rest of the European countries imported 43,232 ton.  
Major importers of oilmeals (Quantity in metric ton)

Country

April to June 2017

April to June 2016

Percentage change

Germany

27,812

---

---

Rest of Europe

43,232

---

---

Vietnam

62,881

1,13,693

(-) 44.69%

South Korea

1,70,458

1,27,700

(+) 33.48%

Thailand

34,240

1,066

---

Myanmar

27,728

10,930

(+) 153.68%



Port-wise export between April and June 2017  
The export from Kandla was reported at 301,094 ton (60 per cent). Mumbai, including JNPT, handled 81,108 ton (16 per cent), while Mundra handled 45,557 ton (nine per cent) and Kolkata handled 55,030 ton (11 per cent).

Export from major ports (Quantity in metric ton)                                   

Port

April and June 2017

April and June 2016

Percentage change

Kandla

3,01,094

1,23,857

(+) 143.10%

Mumbai/JNPT

81,108

29,333

(+) 176.50%

Kolkata

55,030

1,21,150

(-) 54.58%

Mundra

45,557

22,981

(+) 98.24%


 
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