Oilmeal exports declined by 36 per cent in phrases of quantity, and by 37 per cent in phrases of worth throughout 2021-22.
According to Solvent Extractors’ Association (SEA) of India, export of oilmeals fell to 23.73 lakh tonnes (lt) throughout 2021-22 from 36.89 lt in 2020-21. Provisional information indicated that India’s export earnings from oilmeals declined to ₹5,600 crore in 2021-22 from ₹8,866 crore in 2020-21.
BV Mehta, Executive Director, SEA of India, mentioned the sharp drop in incomes is because of decrease export tonnage, primarily in soyabean meal (down by 76 per cent) and rapeseed meal (down by 22 per cent), in spite of a rise in unit realisation value.
India exported 3.72 lt of soyabean meal throughout 2021-22 as towards 15.64 lt in 2020-21, down by 76.21 per cent. The export earnings from soyabean meal declined to ₹2,206.70 crore in 2021-22 towards ₹5,825.40 crore in 2020-21, down by 62.11 per cent. The common CIF value for export of soyabean meal elevated from $781 a tonne in April 2021 to $888 a tonne in March 2022.
Mehta mentioned soyabean crush margins in India are at the moment squeezed by the strain on meal costs and the comparatively excessive value expectation of farmers for soyabean seed. The value is at the moment quoted above ₹7,600 a quintal, he mentioned.
India is out-priced for soyabean meal export as ex-Kandla value is quoted at $840 a tonne towards $574 a tonne for Brazil-origin and $586 a tonne for Argentina-origin (ex-Rotterdam).
“India is unlikely to be aggressive for export in close to future as a result of excessive value of home soyabean seed. Crushing of soyabean is low as farmers are holding inventory in anticipation of upper costs, as seen by them final yr. This can be pushing larger import of crude soyabean oil into India,” Mehta mentioned.
India exported round 2.25 lt of natural soyabean meal to the US in 2020-21. However, this determine diminished to only 65,000 tonnes for 2021-22, primarily as a result of excessive native costs versus worldwide costs.
There is nice demand for soyabean meal from European nations as India produces solely non-GM soyabean meal. In 2020-21, India exported practically 5 lt of soyabean meal to European nations. But it fell under 1.20 lt in 2021-22.
The total export of rapeseed meal fell to eight.66 lt in 2021-22 from 11.13 lt in 2020-21. Mehta mentioned that South Korea, Thailand, Vietnam and Bangladesh purchased much less throughout the yr.
Export earnings from rapeseed meal elevated to ₹2,035.45 crore in 2021-22 from ₹2,019.20 crore in 2020-21. The common CIF value of rapeseed meal elevated from $311 a tonne in April 2021 to $326 a tonne in March 2022.
Mehta mentioned ricebran extraction improved in 2021-22 as a result of bigger demand from Vietnam and Bangladesh. India exported 7.49 lt of ricebran extraction, incomes export income of ₹983.90 crore, in 2021-22, as towards 5.75 lt and ₹756 crore in 2020-21.
South Korea was the main importer — 6.43 lt (8.05lt) — of Indian oilmeals throughout 2021-22. This included 3.22 lt of rapeseed meal, 2.77 lt of castorseed meal, and 43,788 tonnes of soyabean meal.
Vietnam imported 6.09 lt of oilmeals (5.39 lt), together with 5 lt of ricebran extraction, 1.03 lt of rapeseed meal, 4,788 tonnes of soyabean meal, and 781 tonnes of groundnut meal.
Thailand imported 1.51 lt of oilmeals (2.03 lt). This included 1.37 lt of rapeseed meal, 9,816 tonnes of castorseed meal, 3,448 tonnes of soyabean meal, and 1,367 tonnes of ricebran extraction.
Bangladesh, which sources rapeseed meal and ricebran extraction from India, imported 3.57 lt of oilmeals (4.5lt) throughout 2021-22. This consisted of 1.61 lt of ricebran extraction, 1.95 lt of rapeseed meal, and 229 tonnes of soyabean meal.
Taiwan imported 92,310 tonnes (1.34 lt) of oilmeals. This included 66,208 tonnes of castorseed meal, 21,124 tonnes of rapeseed meal, 4,007 tonnes of soyabean meal, and 971 tonnes of groundnut meal.
India exported 65,677 tonnes (2.27 lt) of oilmeals to the US in 2021-22, consisting of 64,378 tonnes of soyabean meal and 1,284 tonnes of rapeseed meal.
April 19, 2022