India's Oil Meals Exports Rise By 48% During April To Sept 2011

The Solvent Extractors’ Association of India has just compiled the export data for export of oilmeals for the month of September 2011 and reported at 394,877 tonnes compared to 354,252 tonnes in September 2010. The export of oilmeals during April-September 2011 is reported at 2,034,117 tonnes compared to 1,376,209 tonnes during the same period of last year i.e. up by 48%

During current oil year 2010-11 (Nov.’10 to Sept. ’11) export of oilmeals increased due to:

a) Sharp increased in oilseeds production during current year (2010-11) compared to previous year (2009-10).
b) Increased availability of oilseeds lead to higher crushing and production of oil and meals for domestic and export and
c) Good crushing parity due to high price of oils and export demand for oilmeals. It may be noted during 2009-10, due to lower production of oilseeds, coupled with disparity & lower demand, the export was down to lowest in last few years.

Oilmeal import by Japan from India during April-September 2011 was reported at 498,249 tonnes compared to 388,778 tonnes last year consisting of 485,055 tonnes of soybean meal and 13,194 tonnes of rapeseed meal. Vietnam imported 249,123 tonnes compared to 224,342 tonnes last year consisting of 155,442 tonnes of soybean meal, 17,666 tonnes of rapeseed meal and entire quantity of 76,015 tonnes of rice bran extraction. China imported 216,749 tonnes compared to 182,007 tonnes, consisting 209,465 tonnes of rapeseed meal, 2,288 tonnes of groundnut meal and 4,996 tonnes of soybean meal. South Korea imported 338,746 tonnes compared to 181,803 tonnes of last year, consisting of 144,374 tonnes of castor seed meal, 192,026 tonnes of rapeseed meal and 2,346 tonnes of soybean meal. Europe and other countries have imported about 49,833 tonnes compared to 10,571 tonnes of last year.