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April 2017 veg oil import 1,339,489 tons, up by 7% vis-a-vis April ’16
Friday, 19 May, 2017, 08 : 00 AM [IST]
Our Bureau, Mumbai
The Solvent Extractors’ Association of India (SEA) has compiled the import data of vegetable oils (edible and non-edible) for April 2017. The import of vegetable oils during April 2017 was reported at 1,339,489 tons compared to 1,248,887 tons in April 2016 (i e up by seven per cent). These consist of 1,324,014 tons of edible oils and 15,475 tons of non-edible oils.

The import during April 2017 was the highest monthly import during the current oil year. The overall import of vegetable oils during the first six months of the current oil year 2016-17 (i e the period between November 2016 and April 2017) was reported at 7,134,265 tons compared to 7,568,709  tons (i e lesser by six per cent).

Import of vegetable oil (edible and non-edible) between November 2016 and April 2017                                           (Quantity in million tons)

Month

2016-17

2015-16

Percentage

change

Edible

Non-edible

Total

Edible

Non-edible

Total

November 2016

11,55,863

19,601

11,75,464

13,32,936

4,499

13,37,435

(-) 12%

December2016

11,74,296

35,389

12,09,685

14,09,435

11,467

14,20,902

(-) 15%

January 2017

10,08,085

16,774

10,24,859

12,55,054

3,000

12,58,054

(-) 19%

February 2017

12,34,255

36,188

12,70,443

10,96,424

16,492

11,12,916

(+) 14%

March 2017

10,97,876

16,449

11,14,325

11,76,312

14,203

11,90,515

(-) 6%

April 2017

13,24,014

15,475

13,39,489

12,36,068

12,819

12,48,887

(+) 7%

Total

69,94,389

1,39,876

71,34,265

75,06,229

62,480

75,68,709

(-) 6%


Stock position at ports and in pipelines
The stock of edible oils as on May 1, 2017 at various ports is estimated at 7,85,000 tons [which comprises CPO 2,10,000 tons, RBD palmolein 1,40,000 tons, degummed soybean oil 2,10,000 tons, crude sunflower oil 2,10,000 tons and 15,000 tons of rapeseed (canola) oil] and about 1,335,000 tons in pipelines.

Total stock at ports and in pipelines increased to 21,20,000 tons from 19,13,000 tons in April 2017. The overall stock as on May 1, 2017 has increased by 2,07,000 tons compared to April 2017. India’s monthly requirement is about 16.50 lakh tons and operates at 30 days stock, against which currently the holding stock is over 21.20 lakh tons equal to 39 days’ requirements.

Stock position at ports and pipelines  (Quantity in ’000 metric tons)



May 1, 2017

April 1,

2017

March 1, 2017

February 1, 2017

January 1, 2017

December 1,

2016

November 1, 2016

October 1, 2016

September 1, 2016

August 1, 2016

July 1, 2016

June 1, 2016

May 1, 2016

Port stock

785

688

775

642

695

655

705

860

755

770

878

865

940

Pipe

lines

1,335

1,225

1,190

1,088

1,150

1,170

1,230

1,230

1,300

1,380

1,442

1,465

1,500

Total stock

2,120

1,913

1,965

1,730

1,845

1,825

1,935

2,090

2,055

2,150

2,320

2,330

2,440


Import of refined and crude oil ratio
Between November 2016 and April 2017, the import of refined oil (RBD palmolein) has increased to 1,367,951 tons from 1,325,630 tons in the corresponding period last year, while the import of crude oil decreased to 56,26,438 tons from  61,80,599 tons during the corresponding period of last year.

Import of refined and crude edible oils (ratio) between November 2016 and April 2017 (Quantity in million tons)

Year (November-October)

Refined oils

Percentage

Crude oils

Percentage

Total

November 2016

2,40,948

21%

9,14,915

79%

11,55,863

December 2016

2,45,554

21%

9,28,742

79%

11,74,296

January 2017

1,96,623

20%

8,11,462

80%

10,08,085

February 2017

2,33,313

19%

10,00,942

81%

12,34,255

March 2017

2,19,270

20%

8,78,606

80%

10,97,876

April 2017

2,32,243

18%

10,91,771

82%

13,24,014

(November 2016-April 2017)


(November 2015-April 2016)

13,67,951



13,25,630

20%



18%

56,26,438



61,80,599

80%



82%

69,94,389



75,06,229

2015-16

26,23,002

18%

1,19,48,336

82%

1,45,71,338

2014-15

16,59,070

12%

1,27,62,201

88%

1,44,21,271

2013-14

15,76,354

14%

1,00,41,980

86%

1,16,18,334


Import of palm and soft oil ratio
Between November 2016 and April 2017, palm oil import has decreased to 43,02,135 tons from 43,40,890 tons during the corresponding period last year. However overall share of palm oil products increased to 62 per cent from 58 per cent, thanks to larger import of RBD palmolein.

Soft oils  import  reduced to 26,92,254 tons from 31,65,339 tons last year. However, within soft oils, the import of sunflower oil has sharply increased at the cost of soybean oil.

Import of palm oil and soft oil (ratio) between November 2016 and April 2017                          (Quantity in metric tonnes)

Year (November-October)

Palm oil

Soft oil

Percentage

Total


(RBD palmolein + CPO + crude olein + CPKO)

Soybean

Sunflower

Rape

Safflower

Total

November 2016

8,01,311

69%

1,64,286

1,58,071

32,195

-

3,54,552

31%

11,55,863

December 2016

7,23,158

62%

2,32,132

1,85,824

33,182

-

4,51,138

38%

11,74,296

January 2017

6,08,762

60%

1,66,573

2,14,872

17,878

-

3,99,323

40%

10,08,085

February 2017

7,36,207

60%

2,51,740

2,09,422

36,886

6,090

4,98,048

40%

12,34,255

March 2017

6,80,065

62%

2,29,853

1,81,868

-

-

4,17,811

38%

10,97,876

April 2017

7,52,632

57%

3,04,942

2,34,516

31,924

6,090

5,71,382

43%

13,24,014

November 2016-April 2017


November 2015-April 2016

4,302,135





4,340,890

62%





58%

1,349,526




2,241,045

1,184,573





7,71,088

1,52,065




1,53,206

-

2,692,254




3,165,339

38%





42%

69,94,389





75,06,229

2015-16

84,42,840

58%

42,34,809

15,16,220

3,77,469

-

61,28,498

42%

1,45,71,338

2014-15

95,36,904

66%

29,85,944

15,42,599

3,55,824

-

48,84,367

34%

1,44,21,271

2013-14

79,57,960

68%

19,51,233

15,09,250

1,99,891

-

36,60,374

32%

1,16,18,334


Average prices and rupee depreciation
From April 2016 onwards, the landed price of RBD palmolein has remained the same or lower than that of CPO, encouraging larger import of RBD palmolein at the cost of CPO. The spread between palm oil and soft oil also reduced encouraging larger import of soft oils. Also, importers continues to make larger import purchases of sunflower oil, taking advantage of attractive price vis-à-vis soybean oil. Also, the strengthening of rupee in the last three months supported the import of vegetable oils.
 
                               (Price in $/CIF Indian Port/Ton)

Oils



April 2017

March 2017

February 2017

January 2017

December2016


November 2016


October 2016


September2016

August 2016

July 2016


June 2016

May 2016

April 2016

RBD palmolein

705

731

773

788

773

729

709

759

735

643

669

708

739

Crude palm oil

706

734

783

794

772

729

704

753

730

642

669

706

738

Crude soybean oil

756

767

812

857

887

844

827

803

804

751

768

775

790

Crude sunflower oil

783

791

814

824

836

826

834

843

845

848

867

878

864

FE: $1 = (Average)

64.53

65.8

66.97

68.04

67.8

67.64

66.74

66.71

66.9

67.15

67.27

66.89

66.42


Import of non-edible oils
Import of non-edible oils between November 2016 and April 2017  is reported at 1,39,876 tons compared to 62,480 tons during the corresponding period last year. P F A D, P K F A D, C P S & RBD palm sterin are the major import of non-edible oils.
 
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