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Oilmeal export in Nov ’17 up by 93% due to jump in soybean meal export
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Saturday, 09 December, 2017, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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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%
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May,
2017
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48,900
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56,107
|
-
|
20,376
|
19,141
|
1,44,524
|
57,954
|
(+)
149%
|
|
June
2017
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45,975
|
58,899
|
-
|
26,935
|
1,19,315
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2,51,124
|
13,277
|
(+)
89%
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July
2017
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80,797
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14,753
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205
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25,015
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5,134
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1,25,904
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1,08,638
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(+)
16%
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Aug
2017
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87,668
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70,820
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208
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42,610
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60,050
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2,61,356
|
71,873
|
(+)
263%
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Sept
2017
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1,02,212
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64,198
|
205
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47,361
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84,206
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2,98,182
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1,09,309
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(+)
173
%
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Oct
2017 (R)
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71,425
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22,731
|
654
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51,550
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53,798
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2,00,158
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1,03,640
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(+)
93%
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Nov
2017 (P)
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2,07,630
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52,317
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314
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4,200
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63,630
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3,28,091
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1,70,189
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(+)
93%
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April–Nov
2017
April–Nov
2016
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7,68,981
2,04,860
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3,75,675
1,73,576
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1,586
1,437
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2,50,096
1,93,872
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4,16,699
2,94,613
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18,13,037
8,68,358
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8,68,358
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(+)
109%
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2016-17
(FY)
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9,16,306
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2,18,845
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2,918
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3,36,496
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4,10,915
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18,85,480
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2015-16
(FY)
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3,87,298
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3,31,201
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1,102
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3,53,195
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4,56,319
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15,29,115
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2014-15
(F
Y)
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6,59,593
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10,67,159
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3,013
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2,77,492
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4,58,406
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24,65,663
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2013-14
(F
Y)
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27,81,985
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9,16,050
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3,290
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1,47,001
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5,33,668
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43,81,994
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(R) Revised, (P) Provisional *To be updated later
Average FOB price of oilmeal and exchange rate
(Price in $ FAS/FOB/Ton/Indian Port)
|
Meal
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Nov
2017
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Oct2017
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Sept2017
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Aug2017
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July
2017
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June
2017
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May
2017
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Apr
2017
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Mar
2017
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Feb
2017
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Jan
2017
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Dec
2016
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Nov
2016
|
|
Soybean
meal
|
360
|
375
|
399
|
398
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391
|
371
|
388
|
386
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369
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363
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361
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363
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367
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Rapeseed
meal
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223
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222
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236
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239
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220
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230
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238
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240
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240
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245
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250
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268
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275
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Groundnut
ext
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NQ
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NQ
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NQ
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NQ
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NQ
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NQ
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NQ
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NQ
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NQ
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NQ
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NQ
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NQ
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NQ
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Rice
bran
extraction
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NQ
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NQ
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NQ
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NQ
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NQ
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164
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173
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175
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169
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176
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168
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169
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174
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Castor
seed
meal
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80
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78
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69
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63
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NQ
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59
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63
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63
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61
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57
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65
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67
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67
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E:
$1
= Rs
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64.84
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65.04
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64.47
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63.97
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64.42
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64.45
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64.42
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64.53
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65.8
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66.97
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68.04
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67.8
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67.64
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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
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Country
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Between
April and Nov 2017
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Between
April and Nov 2016
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Percentage
change
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France
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65,190
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3,058
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-
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Rest
of Europe
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2,57,738
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17,104
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-
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Vietnam
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2,86,874
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1,81,160
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(-)
58.35%
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South
Korea
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5,47,812
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4,33,989
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(+)
26.22%
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Bangladesh
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1,10,105
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51,788
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(+)112.61%
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Thailand
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1,22,088
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8,841
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-
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Taiwan
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78,133
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22,076
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(+)
253.92%
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(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
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Port
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Between
April and Nov 2017
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Between
April and Nov 2016
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Percentage
change
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Kandla
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9,82,161
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4,49,783
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(+)
118.36%
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Mumbai/JNPT
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2,54,701
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1,09,757
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(+)
132.05%
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Kolkata
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2,43,164
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1,89,277
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(+)
28.47%
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Mundra
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1,53,505
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44,949
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(+)
241.50%
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