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Informist, Friday, Jan. 17, 2025

 

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--SEA: India Dec oilmeal exports 398,731 tn vs 532,729 tn yr ago 
--SEA: India Dec soymeal exports 278,413 tn vs 273,394 tn yr ago 
--SEA: India Dec mustard meal exports 88,746 tn vs 216,942 tn yr ago 
--SEA: India Dec castor meal exports 28,452 tn vs 42,393 tn yr ago 
--SEA: India Dec rice bran meal exports 70 tn vs nil yr ago 
--SEA: India Dec groundnut meal exports 3,050 tn vs nil yr ago 
--SEA: India Apr-Dec oilmeal exports 3.15 mln tn vs 3.49 mln tn yr ago 
--SEA: India Apr-Dec soymeal exports 1.49 mln tn vs 1.21 mln tn yr ago 
--SEA: India Apr-Dec mustard meal exports 1.41 mln tn vs 1.82 mln tn yr ago 
--SEA: India Apr-Dec castor meal exports 226,279 tn vs 296,514 tn yr ago 
--SEA: India Apr-Dec rice bran meal exports 14,391 tn vs 151,614 tn yr ago 
--SEA: India Apr-Dec groundnut meal exports 14,538 tn vs 13,808 tn yr ago 

 

MUMBAI – India's oilmeal exports in December fell 25% on year to 398,731 tonnes, according to data released by The Solvent Extractors' Association of India. For Apr-Dec, total oilmeal exports were down 10% at 3.15 million tonnes, the data showed. This was mainly due to a fall in the exports of rapeseed meal and castor seed meal, the association said. 

 

In December, exports of mustard meal fell to 88,746 tonnes from 216,942 tonnes a year ago. Similarly, during Apr-Dec, exports of rapeseed fell to 1.41 million tonnes from 1.82 million tonnes in the year-ago period. Bangladesh, South Korea, Thailand and Vietnam are the major importers of rapeseed meal. 

Exports of castor seed meal fell to 28,452 tonnes in December from 42,393 tonnes a year ago, the association said. For Apr-Dec, exports of castor meal were down at 226,279 tonnes compared to 296,514 tonnes a year ago.

 

Exports of soymeal in December rose to 278,413 tonnes from 273,394 tonnes a year ago. Similarly, soymeal exports in Apr-Dec rose to 1.49 million tonnes from 1.21 million tonnes a year ago. This was due to higher imports of soymeal by European buyers such as Germany and France, the association said.

 

"However, in recent months, with the increased supply of soybean meal in the world market, Indian soybean meal is facing severe competition, as crushing till the end of December was lower, resulting in a drop in production of soymeal and consumption and export is likely to slow down in coming months," the association said in the report. 

 

Increased production and supply of distiller's dried grains with solubles from maize and grains dampen the demand for oilmeals in the local market, the association said. Also, for rapeseed meal, Bangladesh, one of the major markets, faced uncertainty, leading to a reduction in volume in recent months, which is reflected in the overall reduction in the export of rapeseed meal during the last few months, it said.  More

 

In Apr-Dec, 1.07 million tonnes of oilmeal were exported from the Kandla port, against 1.02 million tonnes a year ago, and a total of 713,123 tonnes were exported from the Mundra port, compared with 1.17 million tonnes a year ago, the SEA said. During the same period, exports from Jawaharlal Nehru Port Trust in Mumbai rose to 507,228 tonnes from 276,699 tonnes a year ago, the association said.

 

From the Kolkata port, export of oilmeal was just 11,494 tonnes in Apr-Dec compared with 110,223 tonnes a year ago. Oilmeal exports from other ports during the same period stood at 843,273 tonnes compared with 924,631 tonnes in the corresponding period last year, the SEA said.

 

During Apr-Dec, India's oilmeal exports to Bangladesh fell nearly 17% on year to 547,657 tonnes. Similarly, exports to Vietnam fell nearly 47% to 193,035 tonnes, the data showed. Oilmeal exports to South Korea were at 534,984 tonnes, lower than 730,188 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 154,975 tons of soybean meal," the SEA said.

 

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

 

Oilmeal	Dec 2024 (in tonne)	Dec 2023 (in tonne)	Change (in %)	Apr-Dec 2024-25 (in tonne)	Apr-Dec 2023-24 (in tonne)	Change (in %)
Soymeal	278,413	273,394	1.8	1,485,078	1,210,853	22.6
Mustard meal	88,746	216,942	(-)59	1,410,391	1,823,982	(-)22.7
Rice bran meal	70	0	0	14,391	151,614	(-)90.5
Groundnut meal	3,050	0	0	14,538	13,808	5.3
Castor meal	28,452	42,393	(-)32.8	226,279	296,514	(-)23.7
Total	398,731	532,729	(-)25	3,150,678	3,496,771	(-)9.9

 

End

 

Reported by Anjali Lavania

Edited by Akul Nishant Akhoury

 

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