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OILS AND FATS

Approx 1,35,474 tons of oilmeal exported in April ’17; Exports up by 19%
Tuesday, 09 May, 2017, 08 : 00 AM [IST]
Our Bureau, Mumbai
According to the oilmeal export data compiled by the Solvent Extractors’ Association (SEA) of India for the month of April 2017, approximately 1,35,474 tons of oilmeals were exported, vis-a-vis 1,13,978 tons exported in April 2016. This showed an increase of 19 per cent.

The competitiveness of Indian soybean meal in international market has further reduced, resulting in the slowing down of shipments from India. This also affected the crushing. The recent increase in Indian soy oil imports is also exerting pressure on domestic soy oil prices, which together with  soybean sales, is squeezing crush margins.

Export of oilmeals – April 2017 (Quantity in metric tonnes)

Month


Soybean meal

Rapeseed meal

Groundnut meal

Rice bran extraction

Castor seed meal

Total

April 2017 (P)

1,24,374

6,842

-

1,500

2,758

1,35,474

April 2016

12,295

14,163

-

49,735

37,785

1,13,978

April 2015

46,390

46,390

250

24,332

70,641

2,11,011

Financial year (FY) 2016-17

9,16,306

2,14,682

2,918

3,20,936

4,10,915

18,65,757

FY 2015-16

3,87,298

3,31,201

1,102

3,53,195

4,56,319

15,29,115

FY 2014-15

15,29,115

10,67,159

3,013

2,77,492

4,58,406

2,465,663

FY 2013-14

27,81,985

9,16,050

3,290

1,47,001

5,33,668

43,81,994


 (P) Provisional

Average freight on board (FOB) price of oilmeals and exchange rate (Price in $ FAS/FOB/Tons/Indian Port)

Meal

April 2017

March

2017


February

2017

January

2017

December

2016

November

2016

October

2016

September

2016

August

2016

July

2016

June

2016

April

2016

Soybean meal

386

369

363

361

363

367

408

463

486

494

492

493

Rapeseed meal

240

240

245

250

268

275

282

282

288

293

285

257

Groundnut ext

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

455

454

446

Rice bran extraction

175

169

176

168

169

174

181

188

189

186

182

172

Castor seed meal

63

61

57

65

67

67

67

69

67

68

70

73

E: $1 = Rs

64.53

65.8

66.97

68.04

67.8

67.64

66.74

66.71

66.9

67.15

67.27

66.42



International price vis-a-vis Indian FOB price (May 4, 2017)

Meal

International price ($/T)

Indian FOB price ($/T)

Soybean meal

$356 Arg CIF Rotterdam (May)

$395 FAS Kandla (ready)

Rapeseed meal

$238 FOB Ex Mill HMB (May)

$240 Kandla (ready)


France, Germany and Europe – Major importers of oilmeals
In April 2017, oilmeal imported by Vietnam from India  reported at 8,672 tons; consisting of 6,382 tons of soybean meal, 790 tons of rapeseed meal and 1,500 tons of rice bran extraction. European countries were the major importers of Indian soybean meal. Germany imported 25,351 tons of soybean meal, while France imported 25,861 tons; consisting of 25,861 tons of soybean meal and  969 tons of castor meal and the rest of the European countries imported 46,174 tons. Indonesia  imported 11,450 tons; consisting 10,992 tons of soybean meal and 458 tons of rapeseed meal.

Port-wise export: April 2017 
The export from Kandla is reported at 1,07,287 tons (79 per cent). Mumbai, including the Jawaharlal Nehru Port Trust (JNPT), handled 15,577 tons (11 per cent), while Mundra handled 11,110 tons (eight per cent) and Kolkata handled 1,500 tons (one per cent).

Export from major ports (Quantity in metric tons)

Port

April 1, 2017

April 1, 2016

% Change

Kandla

1,07,287

48,524

(+) 121.10%

Mumbai/JNPT

15,577

8,935

(-) 74.33%

Mundra

11,110

5,741

(+) 93.52%



 
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