Oilmeals exports slide 13% in FY13

India's oilmeals export fell by 13% to 48.46 lakh tonnes in the 2012-13 fiscal due to price disparity and competition from China and Argentina, industry body Solvent Extractors Association said today.

However, in value terms, export of oilmeals, which is mainly used as animal feed, rose by 40% to Rs 11,806 crore from Rs 8,430 crore in the review period on account of better realisation and rupee depreciation by 8%, it said in a statement.

"The overall export in terms of quantity reduced by 7.5 lakh tones to 48.46 lakh tones from 55.99 lakh tonnes," Mumbai-based Solvent Extractors Association (SEA) said.

Exports to Japan, Vietnam, Thailand and Indonesia drastically reduced due to "disparity in exports in these regions against severe competition from other origins including China and Argentina," it said.

Absence of buying by China due to ban since January 2012 has seriously affected overall exports and particularly exports of rapeseed meal, the industry body added.

Export of rapeseed meal declined to 7.9 lakh tonnes in 2012-13 fiscal, as compared with 12.5 lakh tonnes in the previous year, the data showed.

However, SEA said that shipments to the West Asia and African countries doubled to 12.2 lakh tones from 6.1 lakh tones in the review period because of huge buying from Iran and also substantial increase by Turkey.

France also turned out to be a big importer of soybean meal, on account of lower supply from others, it added.

The total quantity of oilmeal exported to SAARC countries including Bangladesh, Pakistan and Nepal via road and rail route is estimated at around 6 lakh tonnes during 2012-13.

This quantity is not included in the above data.

New Delhi, Apr 5 (PTI) India's oilmeals export fell by 13 per cent to 48.46 lakh tonnes in the 2012-13 fiscal due to price disparity and competition from China and Argentina, industry body Solvent Extractors Association said today.

However in value terms, export of oilmeals, which is mainly used as animal feed, rose by 40 per cent to Rs 11,806 crore from Rs 8,430 crore in the review period on account of better realisation and rupee depreciation by eight per cent, it said in a statement.

"The overall export in terms of quantity reduced by 7.5 lakh tones to 48.46 lakh tones from 55.99 lakh tonnes," Mumbai-based Solvent Extractors Association (SEA) said.

Exports to Japan, Vietnam, Thailand and Indonesia drastically reduced due to "disparity in exports in these regions against severe competition from other origins including China and Argentina," it said.

Absence of buying by China due to ban since January 2012 has seriously affected overall exports and particularly exports of rapeseed meal, the industry body added.

Export of rapeseed meal declined to 7.9 lakh tonnes in 2012-13 fiscal, as compared with 12.5 lakh tonnes in the previous year, the data showed.

However, SEA said that shipments to the West Asia and African countries doubled to 12.2 lakh tones from 6.1 lakh tones in the review period because of huge buying from Iran and also substantial increase by Turkey.

France also turned out to be a big importer of soybean meal, on account of lower supply from others, it added.

The total quantity of oilmeal exported to SAARC countries including Bangladesh, Pakistan and Nepal via road and rail route is estimated at around 6 lakh tonnes during 2012-13.

This quantity is not included in the above data.