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Informist, Monday, Nov. 18, 2024

 

MUMBAI – India's oilmeal exports in October rose 5% on year to 305,793 tonnes, according to data released by The Solvent Extractors' Association of India on Friday. However, total oilmeal exports during the first seven months of 2024-25 (Apr-Mar) were down 7% at 2.4 million tonnes, the data showed. This was mainly due to a drop in the export of rapeseed meal and castor seed meal, the association said. 

 

In October, exports of mustard meal fell to 160,653 tonnes from 169,422 tonnes a year ago. Similarly, during Apr-Oct, exports of rapeseed fell to 1.18 million tonnes from 1.51 million tonnes in the year-ago period. Bangladesh, South Korea, and Thailand are the major importers of rapeseed meal. 

Exports of castor seed meal fell to 27,960 tonnes in October from 31,469 tonnes a year ago, the association said. For Apr-Oct, exports of castor meal were down at 166,520 tonnes compared to 213,465 tonnes a year ago.

 

Exports of soymeal in October surged to 114,384 tonnes from 87,060 tonnes a year ago. Similarly, soymeal exports in Apr-Oct rose to 1.02 million tonnes from 673,910 tonnes a year ago. This was due to higher imports of soybean meal by Iran, France, and the UAE, the association said.

 

In Apr-Oct, 783,035 tonnes of oilmeal was exported from the Kandla port, against 608,159 tonnes a year ago, and a total of 581,288 tonnes were exported from the Mundra port, compared with 951,343 tonnes a year ago, the SEA said. During the same period, exports from Jawaharlal Nehru Port Trust in Mumbai rose to 384,001 tonnes from 192,748 tonnes a year ago, the association said.

 

From the Kolkata port, the export of oilmeal was just 11,494 tonnes in Apr-Oct compared with 110,223 tonnes a year ago, as export of rice bran meal was banned. Oilmeal exports from other ports during the same period were 613,490 tonnes compared to 683,471 tonnes in the corresponding period last year, the SEA said.

 

During Apr-Oct, India's oilmeal exports to Bangladesh fell 15.5% on year to 428,241 tonnes. Similarly, exports to Vietnam fell 51% to 153,377 tonnes, the data showed. Oilmeal exports to South Korea were at 433,060 tonnes, lower than 522,872 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 63 tonnes in October, compared to no exports last year.

 

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

 

Oilmeal	Oct 2024 (in tonne)	Oct 2023 (in tonne)	Change (in %)	Apr-Oct 2024-25 (in tonne)	Apr-Oct 2023-24 (in tonne)	Change (in %)
Soymeal	114,384	87,060	31	1,023,184	673,910	52
Mustard meal	160,653	169,422	(-)5	1,176,556	1,513,917	(-)22
Groundnut meal	2,733	1,980	38	7,823	13,146	(-)40
Rice bran meal	63	0	0	14,243	151,614	(-)91
Castor meal	27,960	31,469	(-)11	166,520	213,465	(-)21
Total	305,793	289,931	5	2,388,327	2,566,051	(-)7

 

End

 

Reported by J. Navya Sruthi

Edited by Avishek Dutta

 

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