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OILS AND FATS

Oilmeal export in Nov ’17 up by 93% due to jump in soybean meal export
Saturday, 09 December, 2017, 08 : 00 AM [IST]
Our Bureau, Mumbai
The export of oilmeals during November 2017 was provisionally reported at 3,28,091 ton vis-a-vis 1,70,189 ton in November 2016 (i e a 93 per cent increase) due to the jump in export of soybean meal.

This was stated by the Solvent Extractors’ Association (SEA) of India, which compiled the data for export of oilmeals for the month of November 2017.

The overall export of oilmeals between April and November 2017 was provisionally reported at 18,13,037 ton vis-a-vis 8,68,358 ton during the same period of last year.

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 exports from India scheme (MEIS) on soybean meal to seven per cent from five per cent.

This step will make Indian oilmeal more competitive in the world market and may result into  larger exports of oilmeal during the current year.

Export of oilmeals between April and November 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

45,975

58,899

-

26,935

1,19,315

2,51,124

13,277

(+) 89%

July 2017

80,797

14,753

205

25,015

5,134

1,25,904

1,08,638

(+) 16%

Aug 2017

87,668

70,820

208

42,610

60,050

2,61,356

71,873

(+) 263%

Sept 2017

1,02,212

64,198

205

47,361

84,206

2,98,182

1,09,309

(+) 173

%

Oct 2017 (R)

71,425

22,731

654

51,550

53,798

2,00,158

1,03,640

(+) 93%

Nov 2017 (P)

2,07,630

52,317

314

4,200

63,630

3,28,091

1,70,189

(+) 93%

April–Nov

2017


April–Nov 2016

7,68,981


2,04,860

3,75,675



1,73,576

1,586



1,437

2,50,096



1,93,872

4,16,699



2,94,613

18,13,037


8,68,358

8,68,358

(+) 109%

2016-17 (FY)

9,16,306

2,18,845

2,918

3,36,496

4,10,915

18,85,480


2015-16 (FY)

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




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

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

Meal

Nov 2017

Oct2017

Sept2017

Aug2017

July
2017

June

2017

May

2017


Apr

2017

Mar

2017

Feb

2017

Jan

2017

Dec

2016

Nov

2016

Soybean meal

360

375

399

398

391

371

388

386

369

363

361

363

367

Rapeseed meal

223

222

236

239

220

230

238

240

240

245

250

268

275

Groundnut ext

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

NQ

Rice bran extraction

NQ

NQ

NQ

NQ

NQ

164

173

175

169

176

168

169

174

Castor seed meal

80

78

69

63

NQ

59

63

63

61

57

65

67

67

E: $1 = Rs

64.84

65.04

64.47

63.97

64.42

64.45

64.42

64.53

65.8

66.97

68.04

67.8

67.64



South Korea, Vietnam, Thailand, Germany and Europe (Major importers of oilmeal)
Between April and November 2017, oilmeal imported by Vietnam from India was reported at 2,86,874 ton compared to 1,81,160 ton (consisting of 18,380 ton of soybean meal, 43,063 ton of rapeseed meal and 2,25,430 ton of de-oiled rice bran extraction.

South Korea imported 5,47,812 ton compared to 433,989 ton (consisting 1,81,502 ton of rapeseed meal, 3,41,549 ton of castor meal and 24,761 ton of soybean meal).

Bangladesh imported 1,10,105 ton compared to 51,788 ton (consisting 25,488 ton of  rapeseed meal, 5,079 ton of de-oiled rice bran extractions and 79,538 ton of soybean meal).

Thailand imported 1,22,088 ton compared to 8,841 ton (consisting 90,659 ton of rapeseed meal, 9,454 ton of de-oiled rice bran extractions and 21,940 ton of soybean meal).

European countries were the major importers of Indian soybean meal. While France imported 65,190 ton (consisting of 60,525 ton of  soybean meal and 4,665 tons of castor meal), the rest of the European countries imported 2,57,738 ton of oilmeal, mainly soybean meal.

Major importers of oilmeals
 

Country

Between April and Nov 2017

Between April and Nov 2016

Percentage change

France

65,190

3,058

-

Rest of Europe

2,57,738

17,104

-

Vietnam

2,86,874

1,81,160

(-) 58.35%

South Korea

5,47,812

4,33,989

(+) 26.22%

Bangladesh

1,10,105

51,788

(+)112.61%

Thailand

1,22,088

8,841

-

Taiwan

78,133

22,076

(+) 253.92%



(Port-wise export between April and November 2017)

The export from Kandla was reported at 9,82,161 ton (54 per cent), followed by Mumbai [including the Jawaharlal Nehru Port (JNPT)], which handled 25,470 ton (14 per cent). Mundra handled 1,53,505 ton (eight per cent), Kolkata handled 2,43,164 ton (13 per cent) and other ports handled 1,79,506 ton (10 per cent).

Export from major ports

Port

Between April and Nov 2017

Between April and Nov 2016

Percentage change

Kandla

9,82,161

4,49,783

(+) 118.36%

Mumbai/JNPT

2,54,701

1,09,757

(+) 132.05%

Kolkata

2,43,164

1,89,277

(+) 28.47%

Mundra

1,53,505

44,949

(+) 241.50%



 
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