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Informist, Thursday, Jul 18, 2024

 

MUMBAI – India's oilmeal exports in June were up 20% on year to 335,196 tn, according to data released today by The Solvent Extractors' Association of India. Overall oilmeal exports in June rose owing to an increase in the export of rapeseed meal and soybean meal.

 

However, oilmeal exports for Apr-Jun fell by 9% to 1.1 mln tn from 1.2 mln tn a year ago. This is mainly due to a reduction in exports of rapeseed meal, castorseed meal and no export of de-oiled rice bran since September due to export prohibition, SEA said.

 

In June, exports of mustard meal rose to 159,447 tn from 140,506 tn a year ago. Similarly, exports of soybean meal showed a huge rise of 108%. The exports of soybean meal were at 152,351 tn, against 73,139 tn, the SEA said. 

 

However, mustard meal exports during Apr-Jun were down at 523,521 tn from 620,738 tn during the same period a year ago. But exports of soybean meal rose by 36% on year to 496,859 tn during Apr-Jun.

 

In Apr-Jun, a total of 359,912 tn of oilmeal was exported from the Kandla port, against 285,032 tn a year ago, and 270,386 tn was exported from the Mundra port, compared with 381,501 tn in the year-ago period, according to the SEA report. During the same period, exports from Jawaharlal Nehru Port Trust in Mumbai rose to 174,687 tn from 116,809 tn a year ago, the association said. No oilmeal was exported from the Kolkata port. Around 289,482 tn of oilmeal exports were shipped from other ports, compared with 324,877 tn in the same period last year, the association said.

 

During Apr-Jun, India's oilmeal exports to Bangladesh fell 15% on year to 218,374 tn, the data showed. Exports to South Korea fell 24% to 188,392 tn, the data showed. Oilmeal exports to Vietnam fell drastically to 55,420 tn from 192,656 tn a year ago, the data showed. "Iran has turned out to be largest importer of soybean meal from India and imported 114,475 tn of soybean meal," SEA said.
 

In the case of rice bran meal, there were no exports from India in June. However, during the same period last year, rice bran meal exports were at 45,705 tn. The government prohibited the export of de-oiled rice bran last year, attributing it to high fodder prices, and later extended this to Jul 31, the association said. In view of the sharp fall in prices of de-oiled rice bran, the association has appealed to the government not to extend the prohibition beyond Jul 31.

 

The following table details exports of various oilmeals, in tn, in June and Apr-Jun, compared with the year-ago numbers, according to the latest data from SEA, and the year-on-year change in percentage terms:

 

Oilmeal	June 2024 (in tn)	June 2023 (in tn)	Change (in %)	Apr-Jun 2024 (in tn)	Apr-Jun 2023 (in tn)	Change (in %)
Soymeal	152,351	73,139	108	496,859	364,611	36
Mustard meal	159,447	140,506	13	523,521	620,738	(-)16
Groundnut meal	2,009	3,138	(-)36	3,476	8,365	(-)58
Rice bran meal	0	45,705	(-)100	0	125,582	(-)100
Castor meal	21,388	17,512	22	78,776	90,750	(-)13
Total	335,196	280,001	20	1,102,632	1,210,045	(-)9

 

End

 

Reported by J. Navya Sruthi

Edited by Namrata Rao

 

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