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Informist, Wednesday, Dec. 18, 2024

MUMBAI – India's oilmeal exports in November fell 8.6% on year to 363,620 tonnes, according to data released by The Solvent Extractors' Association of India. For Apr-Nov, total oilmeal exports were down 7% at 2.75 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 November, exports of mustard meal rose to 145,089 tonnes from 93,124 tonnes a year ago. However, during Apr-Nov, exports of rapeseed fell to 1.32 million tonnes from 1.61 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 31,307 tonnes in November from 40,655 tonnes a year ago, the association said. For Apr-Nov, exports of castor meal were down at 197,827 tonnes compared to 254,120 tonnes a year ago.

Exports of soymeal in November fell to 183,481 tonnes from 263,549 tonnes a year ago. "In recent months, with increased supply of soymeal in the world market, Indian soymeal is facing severe competition and exports are likely to slow down in coming months," the association said. 

However, soymeal exports in Apr-Nov rose to 1.21 million tonnes from 937,459 tonnes a year ago. This was due to higher imports of soybean meal by Iran, France, and the UAE, the association said.

In Apr-Nov, 926,620 tonnes of oilmeal were exported from the Kandla port, against 767,205 tonnes a year ago, and a total of 647,879 tonnes were exported from the Mundra port, compared with 1.05 million tonnes a year ago, the SEA said. During the same period, exports from Jawaharlal Nehru Port Trust in Mumbai rose to 448,292 tonnes from 220,084 tonnes a year ago, the association said.

From the Kolkata port, export of oilmeal was just 11,494 tonnes in Apr-Nov compared to 110,223 tonnes a year ago. Oilmeal exports from other ports during the same period stood at 717,662 tonnes compared to 810,604 tonnes in the corresponding period last year, the SEA said.

During Apr-Nov, India's oilmeal exports to Bangladesh fell nearly 21% on year to 470,857 tonnes. Similarly, exports to Vietnam fell nearly 47% to 178,549 tonnes, the data showed. Oilmeal exports to South Korea were at 505,023 tonnes, lower than 555,196 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 154,475 tonnes of soybean meal," the SEA said.

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

End

Reported by Anjali Lavania

Edited by Avishek Dutta

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