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OILS AND FATS

Export of oilmeals during period between April and July 2017 up by 54%
Tuesday, 22 August, 2017, 08 : 00 AM [IST]
Our Bureau, Mumbai
In its report containing the data for the export of oilmeals for the month of July 2017, the Solvent Extractors’ Association of India (SEA) stated that the overall export of oilmeals between April and July 2017 was provisionally reported at 6,38,468 ton, vis-a-vis the 4,13,341 ton during the corresponding period of last year (i e it was up by 54 per cent).

The export during July 2017 is reported at 39,122 ton compared to 1,08,638 ton in July 2016 (i e down by 64 per cent).  

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

In percentage terms, export showed improvement, but it was still lower compared to 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 lead to the lower  production of oilseeds, which affected the export of oilmeals to a lowest level. However with good monsoon last year, the export revived to some extent.

Export of oilmeals (between April and July 2017)

(Quantity in metric ton)

Month

Soybean meal

Rapeseed meal

Groundnut meal

Ricebran 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

48,900

56,107

-

20,376

19,141

1,44,524

57,954

(+)

149%

June 2017 (R)

45,975

58,899

-

26,935

1,19,315

2,51,124

13,277

(+) 89%

July 2017 (P)

30,678

2,639

205

5,600

N.A.*

39,112

10,863

(-) 64%

April–July 2017



April–July 2016

2,49,927



52,895

1,53,495




65,086

205




313

84,960




1,35,480

1,49,881




1,59,567

6,38,468



4,13,341

4,13,341

(+) 54%

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 (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 *To be updated later



(R) Revised, (P) Provisional  *To be updated later

Average FOB price of oilmeals and exchange rate

(Price in $ FAS/FOB/Tons/Indian Port)

Meal

July
2017

June

2017

May

2017


Apr

2017

Mar

2017

Feb

2017

Jan

2017

Dec

2016

Nov

2016

Oct

2016

Sept

2016

July

2016

Soybean meal

391

371

388

386

369

363

361

363

367

408

463

494

Rapeseed meal

220

230

238

240

240

245

250

268

275

282

282

293

Groundnut ext

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

455

Rice bran extraction

NQ

164

173

175

169

176

168

169

174

181

188

186

Castor seed meal

NQ

59

63

63

61

57

65

67

67

67

69

68

E: $1 = Rs

64.42

64.45

64.42

64.53

65.8

66.97

68.04

67.8

67.64

66.74

66.71

67.15



Germany, Vietnam, South Korea and Europe: Major importers of oilmeals
Between April and July 2017, oilmeal imported by Vietnam from India reported at 92,656 ton compared to 126,875 ton, consisting of 8,608 ton of soybean meal, 12,278 ton of rapeseed meal and 71,770 ton of de-oiled rice bran extraction.

South Korea imported 2,33,812 ton compared to 2,06,467 ton. They consisted of 1,05,088 ton of rapeseed meal, 1,23,362 ton of castor meal and 5,362 ton of soybean meal.

Thailand imported 45,020 ton compared to 1,709 ton. They consisted of 18,446 ton of rapeseed meal, 9,454 ton of de-oiled rice bran extraction and 17,120 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 European countries imported 47,753 ton.

Major importers of oilmeals
 
(Quantity in metric ton)

Country

Between April and July 2017

Between April and July 2016

Percentage change

Germany

27,812

-

-

Rest of Europe

47,753

7,743

-

Vietnam

92,656

1,26,875

(-) 26.97%

South Korea

2,33,812

2,06,467

(+) 13.24%

Thailand

4,502

1,709

-

Myanmar

32,445

12,922

(+) 151.08%



Port-wise export between April and July 2017
The export from Kandla is reported at 3,62,154 ton (57 per cent), followed by Mumbai (including JNPT), which handled 111,533 ton (17 per cent). Mundra handled 55,636 ton (nine per cent) and Kolkata handled 84,565 ton (13 per cent).

Export from major ports

(Quantity in metric ton)

Port

Between April and July 2017

Between April and July 2016

Percentage change

Kandla

3,62,154

20,514

(+) 76.53%

Mumbai/JNPT

1,11,533

3,773

(+) 195.54%

Kolkata

84,565

13,410

(-) 36.94%

Mundra

55,636

26,513

(+) 109.91%

 
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