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Pr 019-18-19 dt. 8th august 2018 - press release - export of oilmeals - april - july 2018

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Pr 019-18-19 dt. 8th august 2018 - press release - export of oilmeals - april - july 2018

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Pr 019-18-19 dt. 8th august 2018 - press release - export of oilmeals - april - july 2018

  1. 1. PRESS RELEASE PR 019/2018-19 8th August, 2018 The Commercial Editor: Dear Sir/Madam, Export of Oilmeals - April – July 2018 – Up by 24% China likely to lift ban on import of oilmeals from India The Solvent Extractors’ Association of India has compiled the export data for export of oilmeals for the month of July 2018. The export of oilmeals during July 2018, provisionally reported at 148,983 tons compared to 125,904 tons in July 2017. The overall export during April to July 2018 is reported at 898,872 tons compared to 725,250 tons during the same period of last year i.e. up by 24%. The export of rapeseed meal is sharply increased to nearly 369,646 tons (123%), in first four months, mainly exported to South Korea, Vietnam and Thailand. The ongoing trade dispute between USA and China has created a lot of uncertainty and forcing China to look out to other origins for their requirements of soybean and oilmeals. This has compelled China to relook its ban imposed for importing of oilmeals from India since 2012. This will open up Chinese market for India. Last week an official Delegation from Ministry of commerce visited china and tried to sort out the issues and likely to start the export of oilmeals to china. Prior to ban in 2012, China used to import nearly half a million tons of oilmeals viz. Rapeseed meal 3.5 to 4.0 lakh tons and 1.0 lakh tons of soybean meal from India. Export of Oilmeals – April – July 2018 (Qty. in M.T.) Month Soybean Meal Rapeseed Meal G. Nut Meal Rice Bran Ext. Castor Seed Meal Total Last Year Change % Apr.’2018 68,264 97,891 --- 40,731 17,257 224,143 203,698 (+) 10% May, 2018 76,026 133,916 302 45,382 8,172 263,798 144,524 (+) 83% June 2018 ® 104,088 91,475 198 50,599 15588 261,948 251,124 (+) 43% July 2018 (P) 63,747 46,364 -- 8,400 30,471 148,983 125,904 (+) 18% Apr.-July‘18 Apr. - July‘17 312,126 300,046 369,646 165,609 500 205 145,112 104,375 71,488 155,015 898,872 725.250 725250 (+) 24 2017-18 (F.Y.) 1,187,818 663,988 6,841 594,129 572,762 3,025,538 2016-17 (F.Y.) 916,306 214,682 2,918 336,496 410,915 1,885,480 2015-16 (F.Y.) 387,298 331,201 1,102 353,195 456,319 1,529,115 2014-15 (F.Y.) 659,593 1,067,159 3,013 277,492 458,406 2,465,663 (P) Provisional ® Revised Average FOB Price of Oilmeals & Exchange Rate: (Price in US$ FAS/FOB/Tons/Indian Port) Meal July 2018 June 2018 May 2018 Apr. 2018 Mar. 2018 Feb. 2018 Jan. 2018 Dec. 2017 Nov. 2017 Oct. 2017 Sept. 2017 Aug. 2017 July 2017 Soybean Meal 433 445 467 487 486 486 409 375 360 375 399 398 391 Rapeseed Meal 217 227 238 247 249 235 226 224 223 222 236 239 220 Castorseed Meal 79 70 64 64 70 76 77 79 80 78 69 63 NQ E: 1US$ = Rs. 68.69 67.79 67.51 65.67 65.05 64.43 63.65 64.24 64.84 65.04 64.47 63.97 64.42 Cont…2
  2. 2. -2- South Korea, France, Vietnam & Thailand – Major Importers of Oilmeals:- During April - July 2018 Vietnam imported 186,509 tons of oilmeals (compared to 115,963 tons); consisting of 7,160 tons of soybean meal, 55,700 tons of rapeseed meal, and 123,649 tons of Rice Bran Extraction. South Korea imported 193,553 tons of oilmeals (compared to 240,012 tons) ; consisting 143,731 tons of rapeseed meal, 10,832 tons of soybean meal and 38,990 tons of castor meal. Thailand imported 123,716 tons of oilmeals (compared to 42,839 tons); consisting 4,747 tons of soybean meal, 6,767 tons of De-oiled Rice Bran Extraction, and 112,166 tons of rapeseed meal. France imported 63,493 tons of oilmeals consisting 61,999 tons of soybean meal and 1,494 tons of Castormeal. Major Importers of Oilmeals (Qty. in MT) Country April – July 2018 April – July 2017 % Change Vietnam 186,509 115,509 (+) 60.83% South Korea 193,553 240,012 (-) 19.36% Thailand 123,716 42,839 (+) 188.79 France 63,493 947 -- Port-wise Export : April – July 2018 The export from Kandla is reported at 445,087 tons (50%), followed by Mumbai including JNPT handled 69,406 tons (8%), Mundra handled 117,180 tons (13%) and Kolkata handled 140,065 tons (16%). Export from Major Ports (Qty. in M.T.) Port April – July 2018 April – July 2017 % Change Kandla 445,087 376,954 (+) 18.07% Mumbai/JNPT 69,406 123,8152 (-) 43.94% Mundra 117,810 71,942 (+) 62.88% Kolkata 140,065 103,590 (+) 35.21% We are enclosing herewith a Month-wise/Port-wise as well as Country-wise statements of export of oilmeals during April – July 2018 with comparative period of previous year for your kind information and necessary coverage in your esteemed media and oblige. Thanking you, Yours faithfully, (Dr. B.V. MEHTA) Executive Director Encl: Statement

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