Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Boosted by rapemeal, August oilmeal exports up 71%.
Sep 16, 2022
A surge in the export of rapeseed meal helped India record a significant growth in the overall export of oilmeals during the first five months of 2022-23.
According to Solvent Extractors’ Association of India (SEA) data, the overall export of oilmeals increased to 15.31 lakh tonnes (lt) during the first five months of the financial year 2022-23 against 10.92 lt in the corresponding period of the previous financial year, recording a growth of 40.15 per cent.
Export of oilmeals from India increased to 2.82 lt during August against 1.64 lt in the same month previous year, recording a growth of 71.39 per cent.
BV Mehta, Executive Director of SEA, said the export of rapeseed meal doubled during the first five months of the current financial year and stood at 10.80 lt against 5.42 lt in the corresponding period a year ago, recording a growth of 99.06 per cent.
He attributed this to the record crop of rapeseed and crushing. These factors resulted in highest processing, leading to the availability for export.
He said India is the most competitive supplier of rapeseed meal to South Korea, Vietnam, Thailand and other Far-East countries at $295 a tonne (f.o.b). The current price of rapeseed meal (f.o.b Hamburg) is quoted at $355 a tonne.
Soyameal prices down
Stating that India was outpriced in the international market in case of the export of soyabean meal up to now, he said with the fall in local soyabean price to the level of Rs.5,200/5,300 a quintal, the meal price also reduced to $560 a tonne (f.ob) from the highest level of $888 in March. Now, the soyabean meal (ex-Rotterdam) is quoted at $554.
With international soyabean meal price likely to fall further, and the expected good soyabean crop, coupled with substantial carry forward, crushing will increase from October onwards. Export of soyabean meal from India may increase starting with new season, he said.
India exported 17,547 tonnes of soyabean meal in August against 10,975 tonnes in August 2021, recording a growth of 59.88 per cent. However, the overall soyabean export for the first five months of 2022-23 declined to 1.08 lt from 1.55 lt in the corresponding period of 2021-22.
He said the export of castor meal was more or less same level as that of the last year, and rice bran extraction was down due to lesser demand from importing countries.
S Korea major importer
South Korea imported 4.52 lt of oilmeals from India during the first five months of 2022-23 against 3.08 lt in the corresponding period of 2021-22. This included 3.59 lt of rapeseed meal, 75,939 tonnes of castorseed meal and 16,755 tonnes of soyabean meal.
Vietnam imported 2.52 lt of oilmeals (2.30 lt) during April-August of 2022-23. This included 1.40 lt of rice bran extraction, 1.09 lt of rapeseed meal, 2,055 tonnes of soyabean meal, and 982 tonnes of groundnut meal.
India exported 3.17 lt of oilmeals (1.20 lt) to Thailand; 1.63 lt of oilmeals (1.60 lt) to Bangladesh; and 54,747 tonnes (37,882 tonnes) of oilmeals to Taiwan during the first five months of the current financial year.
thehindubusinessline.com
Archive