Commodities:  Oil & Oilseeds Feed & Meal Grains Pulses Spices Sugar & Gur Fibre Plantation Others
You Are Here: Home > Commodities > Feed & Meal > More News
Articles
More Articles...
Nov oilmeal exports down by 16% from 3,69,552 tonne to 3,11,739 tonne

Nov oilmeal exports down by 16% from 3,69,552 ton to 3,11,739 ton

Thu Dec 06 2018

 

The Solvent Extractors’ Association of India has compiled the data for the export of oilmeals for the month of November 2018. It was provisionally reported at 3,11,739 ton compared to 3,69,522 ton in November 2017. In other words, it was down by 16 per cent.

 

The overall export between April and November 2018 is reported at 20,43,282 ton compared to 18,55,558 ton during the same period of last year (i e up by 10 per cent). The export of rapeseed meal is sharply increased to 7,45,901 (3,92,463) ton in first eight months, almost doubled mainly exported to South Korea, Vietnam and Thailand.

 

The Ministry of Commerce, Government of India/Export Inspection Council of India (EIC) stated that China will resume import of rapeseed meal from India.

 

The five units already approved by the General Administration of Customs of the People’s Republic of China and GACC (formerly AQSIQ) will able to resume the export of rapeseed meal to China once their registration with the Chinese Ministry of Agriculture (MoA) is done, which is a cumbersome process and takes a long time.

 

In case of the resumption of export of soybean meal from India to China, it may a longer time as the Chinese GACC team is likely to visit during current month to inspect and approve the units.

Prior to the ban in 2012, China used to import nearly half-a-million ton of oilmeals, viz rapeseed meal (3.5 to 4 lakh ton) and soybean meal (one lakh ton) from India.

 

Also, the Iranian market has opened up for Indian soybean meal. During the current year, between April and November 2018, about two lakh ton of soybean meal shipped against just 23,000 ton last year, supporting the export of oilmeals from India.

 

Export of oilmeals between April and November 2018 (Quantity in metric ton)

 

Month

Soybean meal

Rapeseed meal

Groundnut meal

Rice bran ext

Castorseed meal

Total

Last year

Change%

April 2018

68,264

97,891

208

40,731

17,257

2,24,351

2,03,759

(+) 10%

May, 2018

76,026

1,33,916

148

45,382

8,172

2,63,644

1,44,849

(+) 81%

June 2018

1,04,088

91,475

1,413

50,599

15,588

2,63,163

2,51,235

 

(+) 5%

July 2018

63,748

78,714

1,449

37,225

34,580

2,15,716

1,25,988

 

(+) 71%

Aug 2018

59,643

1,63,011

1,539

22,513

1,12,443

3,59,149

2,61,494

(+) 38%

Sept 2018

45,388

89,975

377

14,352

22,331

1,72,423

2,98,553

(-) 42%

Oct 2018(R)

1,50,388

34,830

-

29,655

18,224

2,33,097

2,00,158

(+) 16%

Nov 2018(P)

2,17,738

56,089

188

7,000

30,724

3,11,739

3,69,522

(-) 16%

April–Nov 2018

April–Nov 2017

785,283

 

768,981

 

745,901

 

392,463

 

5,322

 

2,676

 

2,47,457

2,74,739

 

2,59,319

 

4,16,699

 

20,43,282

18,55,558

 

18,55,558

 

(+)   10%

2017-18 (F.Y.)

 

11,87,818

6,63,988

 

 

6,841

5,94,129

 

 

 

5,72,762

30,25,538

 

2016-17 (F Y)

9,16,306

2,14,682

2,918

3,20,936

4,10,915

18,65,757

2015-16 (F Y)

3,87,298

3,31,201

1,102

3,53,195

4,56,319

15,29,115

2014-15 (F Y)

6,59,593

1,06,715

93,013

2,77,492

4,58,406

24,65,663

 

(P) Provisional® Revised

Average FOB price of oilmeals and exchange rate (Price in $ FAS/FOB/Ton/Indian port)

 

Meal

Nov 2018

Oct 2018

Sept 2018

Aug 2018

July 2018

June 2018

May 2018

April 2018

March 2018

Feb 2018

January 2018

Dec 2017

Nov 2017

Soybean meal

365

357

367

406

433

445

467

487

486

486

409

375

360

Rapeseed meal

230

229

226

216

217

227

238

247

249

235

226

224

223

Castor seed meal

95

89

91

97

79

70

64

64

70

76

77

79

80

E: $1 = Rs

71.73

73.56

72.28

69.63

68.69

67.79

67.51

65.67

65.05

64.43

63.65

64.24

64.84

 

 

Source: http://www.fnbnews.com/

Technical Research
Prices
Monday, December 03, 2018
ExchangeCommodityContractOpenHighLowClose
NCDEXCotton Seed Oil CakeDec181915193319001910
More Futures prices..