Approx 1,35,474 tons of oilmeal exported in April ’17; Exports up by 19%
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Tuesday, 09 May, 2017, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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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
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(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:
$1
= Rs
|
64.53
|
65.8
|
66.97
|
68.04
|
67.8
|
67.64
|
66.74
|
66.71
|
66.9
|
67.15
|
67.27
|
66.42
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International price vis-a-vis Indian FOB price (May 4, 2017)
Meal
|
International
price
($/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)
Port
|
April
1, 2017
|
April
1, 2016
|
%
Change
|
Kandla
|
1,07,287
|
48,524
|
(+)
121.10%
|
Mumbai/JNPT
|
15,577
|
8,935
|
(-)
74.33%
|
Mundra
|
11,110
|
5,741
|
(+)
93.52%
|
|
|