Revival of Export of Oilmeals; up by 78% in April - August 2017

The export during August 2017 is reported at 139,568 tons compared to 71,879 tons in August 2016 i.e. up by 94%, as per the the export data for export of oilmeals for the month of August 2017 complied by The Solvent Extractors' Association of India. The overall export of oilmeals during April - August 2017 provisionally reported at 864,818 tons compared to 485,220 tons during the same period of last year i.e. Up by 78%.

In last three months the export of oilmeals improved compared to the previous year, thanks to good monsoon, better oilseeds production and price parity. In percentage terms export showing improvement, but still it is lower compared to earlier years, which can be seen from the below table. It may be also noted that India faced drought years during 2014-15 and 2015-16, which lead to lower production of oilseeds which affected export of oilmeals to a lowest level, however with good monsoon last year, export revived to some extent.

During April - August 2017 oilmeal imported by Vietnam from India reported at 123,121 tons compared to 132,737 tons; consisting of 11,698 tons of soybean meal, 17,379 tons of rapeseed meal and 94,044 tons of De-oiled Rice Bran Extraction. South Korea imported 288,502 tons compared to 256,436 tons; consisting 153,578 tons of rapeseed meal, 123,362 tons of castor meal and 11,412 tons of soybean meal. Thailand 47,674 tons compared to 1,999 tons; consisting 24,672 tons of rapeseed meal, 9,454 tons of De-oiled Rice Bran Extractions and 13,548 tons of soybean meal. European countries were the major importer of Indian Soybean Meal. Germany imported 60,674 tons of soybean meal and rest of European countries imported 95,410 tons.

The export from Kandla is reported at 483,581 tons (56%), followed by Mumbai including JNPT handled 146,655 tons (17%), Mundra handled 75,540 tons (9%) and Kolkata handled 110,090 tons (13%).

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