Oilmeal exports continue slide, down 47 per cent in Q2

India’s oilmeal exports continued to slide even during the second quarter of current year ended June with exports down by 47 per cent at 2.74 lakh tons as compared to 5.17 lakh tons during the same period last year owing to lesser availability of oilseeds for crushing and continuous disparity in exporting oilmeals in the international market.

B.V. Mehta, executive director of Solvent Extractors’ Association of India said, “The prices in the international market are lower than India which is the prime reason we lost our export markets like South Korea and Vietnam to Brazil and Argentina.”

Oilmeal import by South Korea from India during April-July 2016 is reported at 2.01 lakh tons compared to 3.05 lakh tons, which consists of 48,277 tons of rapeseed meal and 1.53 lakh tons of castor meal.

Vietnam imported 42,433 tons compared to 1.16 lakh tons last year, consisting 3,634 tons of rapeseed meal, 103 tons of soybean meal and 38,696 tons of deoiled Rice bran extraction. Taiwan imported 8,558 tons compared to 19,671 tons last year, consisting 5,087 tons of rapeseed meal, 313 tons of groundnut meal and 3,158 tons of castor meal.


Myanmar imported 5,880 tons compared to 9,125 tons last year; consisting 2,145 tons of soybean meal 2,111 tons of rapeseed meal and 1,624 tons of deoiled Rice bran extraction.

Interestingly, export during July 2016 was 99 per cent higher at 87,944 tons as compared to 44,238 tons in July last year. The export from Kandla is reported at 201,857 tons (74 per cent), followed by Kolkata which handled 39,352 tons (15 per cent), Mumbai including JNPT 8,440 tons (3 per cent), and Mundra 23,088 tons (8 per cent).