FNB News - Approx 1,35,474 tons of oilmeal exported in April ’17; Exports up by 19%

You can get e-magazine links on WhatsApp. Click here

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)