Half Yearly Export of Oilmeals from India, April-Sept., 2023 – Up by 29%

The Export of Oilmeals for the month of Sept., 2023 is provisionally reported at 330,568 tons compared to 240,669 tons in Sept., 2022 i.e. up by 37%.  The overall export of oilmeals during April to Sept., 2023 reported at 2,276,121 tons compared to 1,762,343 tons i.e. up by 29%.

In case of soybean meal last year, India was out priced in the international market, however in current year export has revived and reported at 586,850 tons compared to 121,338 tons in the previous year. The export of rapeseed meal is performing much better and reported at 1,344,495 tons compared to 1,240,733 tons, ricebran extractions at 151,614 tons compared to 204,895 tons and castorseed meal  at 181,996 tons compared to 154,291 tons in the previous year.

Export of Oilmeals – April – Sept., 2023 (Qty. in M.T.)

Export of De-oiled Ricebran Prohibited :

India annually export 5.0 to 6.0 lakh tons of De-oiled Ricebran mainly to Vietnam, Bangladesh, Thailand ect.  Current year during   April to July 2023, India exported about 1.50 lakh tons. However, Govt. of India prohibited export of of De-oiled Ricebran w.e.f. 28th July until 30th Novemebr,2023. This decision has seriously affected domestic ricebran processors industry and export of De-oiled Ricebran and particularly S.E. Units in Eastern State including West Bengal producing De-oiled Ricebran, as their major outlet is export to neighboring countries.

Average Prices and Rupee depreciation: (Price in US$/FAS Indian Port/Tons)  

South Korea, Thailand, Vietnam and Bangladesh are the major importer of Indian Oilmeals

During April to Sept., 2023, South Korea imported 462,187 tons of oilmeals (compared to 529,294 tons); consisting of 341,016 tons of rapeseed meal, 98,080 tons of castorseed meal and 23,091 tons of soybean meal. Vietnam imported 302,460 tons of oilmeals (compared to 311,046 tons); consisting of 90,540 tons of  rice bran extraction, 162,010 tons of rapeseed meal, 49,162 tons of soybean meal and 748 tons of groundnut meal. Thailand imported 374,630 tons of oilmeals (compared to 358,193 tons); consisting of 363,070 tons of rapeseed meal, 6,193 tons of soybean meal, 4,666 tons of rice bran extraction and 701 tons of castorseed meal. Bangladesh sourcing rapeseed meal and  soybean meal from India  and imported 435,577 tons of oilmeals (compared to 181,238 tons), consisting of 27,771 tons of ricebran extractions, 238,858 tons of rapeseed meal and 168,948 tons of soybean meal.

Major Importers of Oilmeals (Qty. in M.T.)

Port-wise Export of Oilmeals : Apr.-Sept., 2023

The export from Kandla is reported at 521,152 tons (23%), followed by Mundra handled 867,770 tons (38%), Mumbai including JNPT handled 173,524 tons (8%), Kolkata handled 110,210 tons (5%) and Others Ports handled 603,465 tons (27%).

Export from Major Ports (Qty. in M.T.)