The Solvent Extractors’ Association of India has just compiled the export data for export of oil meals for the month of October 2012. The export of oil meals during October 2012 is reported at 121,919 tonnes compared to 354,698 tonnes in October 2011 i.e. down by 66%. The total export of oil meals during April to October 2012 has reduced and reported at 1,724,984 tonnes compared to 2,451,499 tonnes during the same period of last year i.e. down by 30%. High price of soybean seed resulted into lesser crushing and availability of soybean meal for local as well as for the export. Lack of buying by Iran and disparity in export of soybean meal due to high price in local market resulted into steep fall in its exports.
South Korea – Highest Importer of Oil meals from India:
Oil meal import by South Korea from India during April to Oct., 2012 is reported at 492,286 tonnes compared to 378,746 tonnes last year consisting of 55,202 tonnes of soybean meal, castor meal of 203,722 tonnes and 233,362 tonnes of rapeseed meal. Vietnam another major market, imported of 228,488 tonnes compared to 314,727 tonnes last year consisting of 47,685 tonnes of soybean meal, 27,889 tonnes of rapeseed meal, 1,412 tonnes of groundnut meal, 502 tonnes of castor meal and entire quantity of 151,000 tonnes of rice bran extraction. Japan imported 106,923 tonnes compared to 615,377 tonnes of last year consisting of 106,545 tonnes of soybean meal, 279 tonnes of rapeseed meal and 99 tonnes of castor meal.
Port-wise Export: April-Oct., 2012
The export from Kandla is reported at 1,173,079 tonnes (68%), followed by Mumbai including JNPT handled 189,838 tonnes (11%), Mundra handled 113,189 tonnes (7%),Bedi handled 79,290 tonnes (5%) ,Kolkata handled 151,000 tonnes (9%) and Vizag handled 10,243 tonnes (1%).
