More Stories

Informist, Tuesday, Oct. 15, 2024

 

Please click here to read all liners published on this story

--SEA: India Sept oilmeal exports 213,744 tn vs 330,567 tn yr ago 
--SEA: India Sept soymeal exports 59,818 tn vs 105,535 tn yr ago 
--SEA: India Sept mustard meal exports 131,265 tn vs 189,213 tn yr ago 
--SEA: India Sept castor meal exports 22,092 tn vs 35,306 tn yr ago 
--SEA: India Sept rice bran meal exports 141 tn vs nil year ago 
--SEA: India Sept groundnut meal exports 428 tn vs 514 tn yr ago 
--SEA: India Apr-Sept oilmeal exports 2.08 mln tn vs 2.28 mln tn yr ago 
--SEA: India Apr-Sept soymeal exports 908,800 tn vs 586,850 tn yr ago 
--SEA: India Apr-Sept mustard meal exports 1.02 mln tn vs 1.34 mln tn yr ago 
--SEA: India Apr-Sept castor meal exports 138,560 tn vs 181,996 tn yr ago 
--SEA: India Apr-Sept rice bran meal exports 14,180 tn vs 151,614 tn yr ago 
--SEA: India Apr-Sept groundnut meal exports 5,090 tn vs 11,166 tn yr ago 

 

MUMBAI – India's oilmeal exports in September fell 35% on year to 213,744 tonnes, according to data released by The Solvent Extractors' Association of India on Tuesday. Total oilmeal exports in the first half of 2024-25 (Apr-Mar) were also down nearly 9% to 2.08 million tonnes, 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 September plunged to 59,818 tonnes from 105,535 tonnes a year ago. However, soymeal exports in Apr-Sept rose to 908,800 tonnes from 586,850 tonnes a year ago. This was due to higher imports of soybean meal by Iran, France, and the UAE, the association said.

 

In September, exports of mustard meal fell to 131,265 tonnes from 189,213 tonnes a year ago. Similarly, during Apr-Sept, exports of rapeseed were down at 1.02 million tonnes from 1.34 million tonnes a year ago. Bangladesh, South Korea, and Thailand are the major importers of rapeseed meal. 

Exports of castor seed meal fell to 22,092 tonnes in September from 35,306 tonnes a year ago, the Association said. Even during Apr-Sept, exports of castor meal were down at 138,560 tonnes from 181,996 tonnes a year ago.

 

In Apr-Sept, 682,785 tonnes of oilmeal was exported from the Kandla port, against 521,152 tonnes a year ago, and a total of 483,024 tonnes were exported from the Mundra port, compared with 867,770 tonnes a year ago, the SEA said. During the same period, exports from Jawaharlal Nehru Port Trust in Mumbai rose to 339,120 tonnes from 173,524 tonnes a year ago, the Association said.

 

From the Kolkata port, the export of oilmeal was just 11,493 tonnes in Apr-Sept compared with 110,210 tonnes a year ago, as export of rice bran meal was banned. Oilmeal exports from other ports during the same period were 566,111 tonnes compared to 603,464 tonnes in the corresponding period last year, the SEA said.

 

During Apr-Sept, India's oilmeal exports to Bangladesh fell 8.6% on year to 398,068 tonnes. Similarly, exports to Vietnam fell 56.5% to 131,606 tonnes, the data showed. Oilmeal exports to South Korea were at 359,204 tonnes, lower than 462,187 tonnes 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 tonnes of soybean meal," the SEA said.

 

In the case of rice bran meal, India exported 141 tonnes in September, compared to nil exports last year.

 

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

 

Oilmeal	Sept 2024 (in tonne)	Sept 2023 (in tonne)	Change (in %)	Apr-Sept 2023-24 (in tonne)	Apr-Sept 2022-23 (in tonne)	Change (in %)
Soymeal	59,818	105,535	(-)43	908,800	586,850	55
Mustard meal	131,265	189,213	(-)31	1,015,903	1,344,495	(-)24
Groundnut meal	428	514	(-)17	5,090	11,166	(-)54
Rice bran meal	141	0	0	14,180	151,614	(-)91
Castor meal	22,092	35,306	(-)37	138,560	181,996	(-)24
Total	213,744	330,567	(-)35	2,082,533	2,276,120	(-)9

 

End

 

Reported by J. Navya Sruthi

Edited by Tanima Banerjee

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2024. All rights reserved.