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Informist, Tuesday, Sep 17, 2024

 

--SEA: India Aug oilmeal exports 314,363 tn vs 354,205 tn yr ago

--SEA: India Aug soymeal exports 156,961 tn vs 60,494 tn yr ago

--SEA: India Aug mustard meal exports 126,610 tn vs 261,165 tn yr ago

--SEA: India Aug castor meal exports 15,567 tn vs 30,386 tn yr ago

--SEA: India Aug rice bran meal exports 14,039 vs nil yr ago

--SEA: India Aug groundnut meal exports 1,186 tn vs 2,159 tn yr ago

--SEA:India Apr-Aug oilmeal exports 1.87 mln tn vs 1.95 mln tn yr ago

--SEA: India Apr-Aug soymeal exports 848,982 tn vs 481,315 tn yr ago

--SEA: India Apr-Aug mustard meal exports 884,638 tn vs 1.16 mln tn

--SEA: India Apr-Aug castor meal exports 116,467 tn vs 146,690 tn

--SEA: India Apr-Aug rice bran meal exports 14,039 tn vs 151,614 tn
--SEA: India Apr-Aug groundnut meal exports 4,662 tn vs 10,652 tn

 

MUMBAI – India's oilmeal exports in August fell 11% on year to 314,363 tn, according to data released by The Solvent Extractors' Association of India today. However, for Apr-Aug, total oilmeal exports fell 4% to 1.87 mln tn, the data showed. This is mainly due to a reduction in the export of rapeseed meal and castor seed meal, the association said. 

 

Exports of soymeal in August surged to 156,961 tn from 60,494 tn a year ago. Soymeal exports in Apr-Aug rose to 848,982 tn from 481,315 tn a year ago. This was due to higher imports of soybean meal by Iran and Bangladesh, the association said.

 

In August, exports of mustard meal fell to 126,610 tn from 261,165 tn a year ago. Similarly, during Apr-Aug, exports of rapeseed were down at 884,638 tn from 1.16 tn a year ago. Bangladesh is one of the major importers of rapeseed meal. "The current crisis in Bangladesh may affect at least the temporary halting of the export of rapeseed meal, mainly exported by road or rail," the association said.

Exports of castor seed meal fell to 15,567 tn in August from 30,386 tn a year ago, the SEA said. Even during Apr-Aug, exports of castor meal were down at 116,467 tn from 146,690 tn a year ago.

 

In Apr-Aug, 682,785 tn of oilmeal was exported from the Kandla port, against 420,174 tn a year ago, and a total of 410,492 tn was exported from the Mundra port, compared with 731,902 tn in the year ago period, the SEA said. During the same period, exports from Jawaharlal Nehru Port Trust in Mumbai rose to 303,916 tn from 157,495 tn a year ago, the association said. From the Kolkata port during Apr-Aug, the export of oilmeal was just 11,494 tn compared to 110,210 tn a year ago, while from other ports, during the same period, 447,879 tn of oilmeal was exported compared to 508,387 tn the corresponding period last year, the association said.

 

During Apr-Aug, India's oilmeal exports to Bangladesh fell 14.8% on year to 325,761 tn. Similarly, exports to Vietnam fell 60% to 113,666 tn, the data showed. Oilmeal exports to South Korea were at 338,945 tn, lower than 382,250 tn a year ago, the data showed. "Iran has turned out to be the largest importer of soybean meal from India (including shipment via Dubai) and imported 114,475 tn of soybean meal," the SEA said.

 

In the case of rice bran meal, India exported 14,039 in August, compared to nil exports last year.

 

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

 

Oilmeal	Aug 2024 (in tn)	Aug 2023 (in tn)	Change (in %)	Apr-Aug 2023-24 (in tn)	Apr-Aug 2022-23 (in tn)	Change (in %)
Soymeal	156,961	60,494	159.5	848,982	481,315	76.4
Mustard meal	126,610	261,165	(-)51.5	884,638	1,155,282	(-)23.4
Groundnut meal	1,186	2,159	(-)45.1	4,662	10,652	(-)56.2
Rice bran meal	14,039	0	0	14,039	151,614	(-)91
Castor meal	15,567	30,386	(-)49	116,467	146,690	(-)20.6
Total	314,363	354,205	(-)11.2	1,868,789	1,945,553	(-)4

 

End

 

Reported by Taniva Singha Roy

Edited by Manisha Baxla

 

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