India’s oilmeals export rises 6% in FY19: SEA

India’s oilmeal exports during April 2018 to March 2019 is reported at 3,205,768 tonnes, up 6% as compared to 3,026,628 tonnes during the corresponding period last year, according to latest data compiled by the Solvent Extractors’ Association of India (SEA).

The export of oilmeals during March 2019, provisionally reported at 263,817 tonnes compared to 261,308 tonnes in March 2018.

The export of rapeseed meal is sharply increased to 1,051,869 (663,988) tonnes in FY19. This has mainly been exported to South Korea, Vietnam and Thailand.

Soybean meal export is also improved and reported at 1,337,215 tonnes, up from 1,187,818 tonnes in 2017-18. In term of the total earning, exports have increased to Rs. 6221.95 crores compared to 4761.80 crores, up by 31%.

Iranian market has once again opened up for Indian soybean meal. During the period April 2018 to March 2019, over 5.0 lakh tonnes of soybean meal shipped as against last year just 23,000 tonnes. It seems again Iranian feed Industries looking at India for their requirement of soybean meal, supporting export of oilmeals from India.

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 is expected to open up Chinese market for India, SEA said in a release. Last year, India’s ministry of commerce and Indian embassy, Beijing discussed the phyto issues and it was decided that India’s phyto certificate would cover all the 12 pests. This shall enable China’s AQSIQ to clear the Indian oilmeals. A formal reconfirmation from China is awaited. 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 tonnes and 1.0 lakh tonnes of soybean meal from India.

Shekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and many other international publications. He can be reached at shekhar.ghosh@indoasiancommodities.in.

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