MUMBAI: India’s export of oilmeals in 2008-09 has risen by 14.77 percent to record 8341 crore as against Rs 7109 crore in 2007-08. However, oilmeals export has fallen 60% in March to 338,000 tonnes compared to 853,675 tonnes in March 2008, according to Solvent Extractors Association of India (SEAI).
The overall export of oilmeals for the period April 2008 to March 2009 (12 months) is reported at 5,421,607 tons (FOB Rs. 8341 crores) compared to 5,442,132 tons (FOB Rs.7109 crores). The export in first two quarters jumped due to excellent demand and FOB realization. However, in 3rd quarter got stagnated and in 4th quarter declined heavily due to decrease in production of meat and poultry worldwide following financial crisis and pronounced slowdown in economic activity affected consumer demand for livestock products.
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International Prices of Oilmeals
Average International Prices in March’09 compared to peak level reached in July 2008 (highest price) for soybean meal reduced over 20%, rapeseed meal over 26%, groundnut meal 25%, rice bran ext. 23% and castor seed ext. 56% which can be seen from the following table. Silver lining is the depreciation in rupee over last six months and VKGUY for soybean meal and castorseed meal has helped the exporters to maintain the export in quantity terms and better realization in rupee terms.
Vietnam ,South Korea and Japan - Major Importers of Oilmeals
Oilmeal import by Vietnam from India for the period April 2007 to March 2009 is reported at 1,510,973 tons compared to 1,708,053 tons last year, consisting of 1,311,303 tons of soybean meal, 54,660 tons of rapeseed meal and entire quantity of 144,696 tons of rice bran extraction.
South Korea reported import of 808,199 tons compared to 1,032,800 tons of last year, consisting of 368,956 tons of rapeseed meal, 243,649 tons of soybean meal and 195,594 tons of castor seed meal. Japan again emerged as big importer and bought 806,327 tons compared to 749,875 tons last year consisting of 799,354 tons of soybean meal being non-GMO and 6,973 tons of rapeseed meal. Export of oilmeals to Middle East countries also nearly doubled during the year and reported at 427,614 tons compared to 230,725 tons . Europe has shown rise in import from India during April 2008 to March 2009.
The export from Kandla is reported at 3,141,987 tons (58%), followed by Mumbai including JNPT which handled 1,051,242 tons (19%), Bedi 554,382 tons (10%), Vizag handled 290,463 tons (5.4%), Mundra handled 202,197 tons (3.7%), Kakinada 93,058 tons (1.7%) and Kolkata 79,723 tons( 1.5%).
In last few months, export of oilmeals have declined sharply due to various reasons. SEAI has decided to step up promotional efforts to check the declining trend and planning to depute a Trade Delegation in 2nd half of May 2009 to South-East Asian countries viz. Thailand, Cambodia, Vietnam, Phillippines and Indonesia to maintain India’s share in these markets and to develop new markets like Cambodia and Phillipines for Indian oilmeals.
Source : www.commodityonline.com