April 2017 veg oil import 1,339,489 tons, up by 7% vis-a-vis April ’16
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Friday, 19 May, 2017, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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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
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(-)
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
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1,225
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1,190
|
1,088
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1,150
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1,170
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1,230
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1,230
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1,300
|
1,380
|
1,442
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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
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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
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21%
|
9,14,915
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79%
|
11,55,863
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December
2016
|
2,45,554
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21%
|
9,28,742
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79%
|
11,74,296
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January
2017
|
1,96,623
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20%
|
8,11,462
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80%
|
10,08,085
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February
2017
|
2,33,313
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19%
|
10,00,942
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81%
|
12,34,255
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March
2017
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2,19,270
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20%
|
8,78,606
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80%
|
10,97,876
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April
2017
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2,32,243
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18%
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10,91,771
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82%
|
13,24,014
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(November
2016-April
2017)
(November
2015-April
2016)
|
13,67,951
13,25,630
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20%
18%
|
56,26,438
61,80,599
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80%
82%
|
69,94,389
75,06,229
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2015-16
|
26,23,002
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18%
|
1,19,48,336
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82%
|
1,45,71,338
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2014-15
|
16,59,070
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12%
|
1,27,62,201
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88%
|
1,44,21,271
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2013-14
|
15,76,354
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14%
|
1,00,41,980
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86%
|
1,16,18,334
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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
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69%
|
1,64,286
|
1,58,071
|
32,195
|
-
|
3,54,552
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31%
|
11,55,863
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December
2016
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7,23,158
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62%
|
2,32,132
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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
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40%
|
10,08,085
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February
2017
|
7,36,207
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60%
|
2,51,740
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2,09,422
|
36,886
|
6,090
|
4,98,048
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40%
|
12,34,255
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March
2017
|
6,80,065
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62%
|
2,29,853
|
1,81,868
|
-
|
-
|
4,17,811
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38%
|
10,97,876
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April
2017
|
7,52,632
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57%
|
3,04,942
|
2,34,516
|
31,924
|
6,090
|
5,71,382
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43%
|
13,24,014
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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
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February
2017
|
January
2017
|
December2016
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November
2016
|
October
2016
|
September2016
|
August
2016
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July
2016
|
June
2016
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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
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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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