Export of oilmeals between April & June ’18 up by 9% to 6,54,774 ton

Tue July 10 2018

 

The export of oilmeals during June 2018 was provisionally reported at 1,66,833 ton compared to  2,51,124 ton in June 2017. The overall export between April and June 2018 was reported at 6,54,774 ton compared to 5,99,346 ton during the same period of last year, i e up by nine per cent.

 

This was stated by Solvent Extractors’ Association of India, which compiled the data for the export of oilmeals for the month of June 2018. The export of rapeseed meal sharply increased to nearly 1,35,000 ton (90 per cent) in the first three months, mainly exported to South Korea and Thailand.

 

The ongoing trade dispute between the United States and China has created a lot of uncertainty, forcing China to look out to other origins for their requirements of soybean and oilmeals.

 

China has been compelled to relook the ban it imposed on the import of oilmeals from India since 2012. This will open up the Chinese market for India. Of course, this is subject to clarification about the phytosanitary certificate for the export of oilmeals from India.

 

The Association has requested the Ministry of Commerce, Government of India to seek clarification from China’s AQSI Q authority about the phytosanitary certificate conditions.

 

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

 

Export of oilmeals (April-June 2018)

[Quantity in metric ton (MT)]

Month	Soybean meal	Rapeseed meal	Groundnut meal	Ricebran extraction	Castorseed meal	Total	Last year	Change%
April 2018	68,264	97,891	-	40,731	17,257	2,24,143	2,03,698	(+) 10%
May 2018 ®	76,026	1,33,916	302	45,382	8,172	2,63,798	1,44,524	(+) 80%
June 2018 (P)	1,04,088	54,191	198	7,800	556	1,66,833	2,51,124	(-) 34%
April -June 2018 April -June 2017	2,48,378   2,19,249	2,85,998   1,50,856	500   -	93,913   79,360	25,985   1,49,881	6,54,774   5,99,346	5,99,346	(+) 9%
2017 -18 (FY)	11,87,818	6,63,988	6,841	5,94,129	5,72,762	30,25,538
2016-17 (F Y)	9,16,306	2,18,845	2,918	3,36,496	4,10,915	18,85,480
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	10,67,159	3,013	2,77,49	4,58,406	24,65,66

 

® Revised, (P) Provisional

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

 

Meal	June 2018	May 2018	April 2018	March 2018	Feb 2018	January2018	Dec 2017	Nov 2017	Oct 2017	Sep 2017	Aug 2017	July 2017
Soybean meal	445	467	487	486	486	409	375	360	375	399	398	391
Rapeseed meal	227	238	247	249	235	226	224	223	222	236	23	220
Castor seed meal	70	64	64	70	76	77	79	80	78	69	63	NQ
E: $1 = Rs	67.79	67.51	65.67	65.05	64.43	63.65	64.24	64.84	65.04	64.47	63.97	64.42

 

South Korea, France, Vietnam and Thailand – Major importers of oilmeals

Between April and June 2018, Vietnam imported 1,16,839 ton of oilmeals (compared to 86,458 ton). This consisted of 7,160 ton of soybean meal, 32,506 ton of rapeseed meal and 77,173 ton of de-oiled rice bran extraction. South Korea imported 132,618 ton of oilmeals (compared to 233,812 ton). This consisted of 1,21,741 ton of rapeseed meal, 10,303 ton of soybean meal and  574 tons of castor meal. Thailand imported 1,01,243 ton of oilmeals (compared to 35,169 ton). This consisted of  4,747 ton of  soybean meal, 5,729 ton of de-oiled rice bran extraction, and 90,731 ton of rapeseed meal. France imported 42,550 ton of oilmeals (compared to  5,241 ton). This consisted of 41,099 ton of soybean meal and 1,451 ton of castor meal.

 

Major Importers of Oilmeals
(Quantity in MT)

Country	April –June 2018	April –June 2017	% Change
Vietnam	1,16,839	86,458	(+) 35.14%
South Korea	1,32,618	2,33,812	(-) 43.28%
Thailand	1,01,243	35,169	(+) 187.88 %
France	42,550	5,241	-

 

Port-wise export (April-June 2018)

The export from Kandla was reported at 3,25,937 ton (50 per cent). Mumbai, including JNPT, handled  64,996 ton (10% per cent); Mundra handled 69,319 ton (11 per cent) and Kolkata handled  89,713 ton (14 per cent).

 

Export from major ports
(Quantity in MT)

Port	April –June 2018	April –June 2017	% Change
Kandla	3,25,937	3,62,154	(-) 10.00 %
Mumbai/JNPT	64,996	81,108	(-) 19.86 %
Mundra	69,319	52,539	(+) 31.94 %
Kolkata	89,713	78,965	(+) 13.61%

                                                                                                                                

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