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Oilmeal exports in first quarter of 2017 up by 64 per cent, states SEA
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Monday, 10 July, 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 data for the export of oilmeals for the quarter ended June 2017. The overall exports of oilmeals between April and June 2017 were provisionally reported at 4,99,140 ton, vis-a-vis the 3,04,703 ton exported during the corresponding period of last year. In other words, it was up by 64 per cent.
In June 2017, the exports of oilmeal were reported at 1,50,918 ton vis-a-vis the 132,771 ton exported in June 2016. That is a 14 per cent increase.
In the last three months, the export of oilmeals improved compared to the previous year, thanks to the good rainfall, better oilseed production and price parity.
In percentage terms, the exports showed improvement, but still it was lower compared to the earlier years, which can be seen from the following table.
It may be also noted that India faced drought years in 2014-15 and 2015-16, which led to the lower production of oilseeds, which affected the exports of oilmeals.
Exports of oilmeals between April and June 2017 (Quantity in metric ton)
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Month
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Soybean meal
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Rapeseed meal
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Groundnut meal
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Rice bran ext
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Castorseed meal
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Total
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Last year
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Change%
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April 2017
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1,24,374
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35,850
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---
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32,049
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11,425
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2,03,698
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1,13,978
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(+) 79%
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May, 2017 (R)
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48,900
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56,107
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---
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20,376
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19,141
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1,44,524
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57,954
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(+) 149%
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June (P)
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41,328
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44,074
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---
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3,000
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62,516
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1,50,918
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1,32,771
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(+) 14%
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April–June
2017
April–June
2016
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2,14,602
40,625
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1,36,031
60,889
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---
115
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55,425
1,22,266
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93,082
80,808
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4,99,140
3,04,703
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3,04,703
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(+) 64%
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2016-17 (F Y)
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9,16,306
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2,14,682
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2,918
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3,20,936
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4,10,915
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18,65,757
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2015-16 (F Y)
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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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1,06,715
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93,013
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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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2012-13 (F Y)
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34,39,848
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7,86,690
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2,883
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2,33,200
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3,83,392
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48,46,013
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(R)Revised
(P) Provisional
Average FOB price of oilmeals and exchange rate (Price in $ FAS/FOB/ton/Indian Port)
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Meal
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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
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Oct
2016
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Sept
2016
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01/08/16
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June
2016
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Soybean meal
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371
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388
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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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408
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463
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486
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492
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Rapeseed meal
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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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282
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282
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288
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285
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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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454
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Rice bran extraction
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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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181
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188
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189
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182
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Castor
seed meal
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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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67
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69
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67
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70
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E: $1 = Rs
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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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66.74
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66.71
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66.9
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67.27
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International price vis-a-vis Indian FOB price (on July 6, 2017)
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Meal
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International price $/T
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Indian FOB price $/T
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Soybean meal
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$350 Arg CIF Rotterdam (July)
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$390
FAS Kandla (Ready)
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Rapeseed meal
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$227
Hbg ex Mill (July)
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$230
Kandla (Ready)
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Germany, Vietnam, South Korea & Europe – Major importers of oilmeals
Between April and June 2017, the oilmeal imported by Vietnam from India was reported to be 62,881 ton compared to 1,13,693 ton. This consisted of 7,816 ton of soybean meal, 9,751 tons of rapeseed meal and 45,314 tons of de-oiled rice bran extraction. South Korea imported 1,70,458 ton compared to 127,700 ton. This consisted of 96,523 ton of rapeseed meal, 70,862 ton of castor meal and 3,073 ton of soybean meal. Thailand imported 34,240 ton compared to 1,066 ton. This consisted of 14,814 ton of rapeseed meal, 8,142 ton of de-oiled rice bran extractions and 11,284 ton of soybean meal. European countries were the major importers of Indian soybean meal. Germany imported 27,812 ton of soybean meal and the rest of the European countries imported 43,232 ton.
Major importers of oilmeals (Quantity in metric ton)
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Country
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April to June 2017
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April to June 2016
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Percentage change
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Germany
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27,812
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---
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---
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Rest of Europe
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43,232
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---
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---
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Vietnam
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62,881
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1,13,693
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(-) 44.69%
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South Korea
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1,70,458
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1,27,700
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(+) 33.48%
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Thailand
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34,240
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1,066
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---
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Myanmar
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27,728
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10,930
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(+) 153.68%
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Port-wise export between April and June 2017
The export from Kandla was reported at 301,094 ton (60 per cent). Mumbai, including JNPT, handled 81,108 ton (16 per cent), while Mundra handled 45,557 ton (nine per cent) and Kolkata handled 55,030 ton (11 per cent).
Export from major ports (Quantity in metric ton)
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Port
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April and June 2017
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April and June 2016
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Percentage change
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Kandla
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3,01,094
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1,23,857
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(+) 143.10%
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Mumbai/JNPT
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81,108
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29,333
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(+) 176.50%
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Kolkata
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55,030
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1,21,150
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(-) 54.58%
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Mundra
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45,557
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22,981
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(+) 98.24%
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