Indias oilmeal exports decline almost 10% in Nov
The Dollar Business Bureau India’s oilmeal exports declined 9.75% to 108,342 tonnes last month on sluggish global demand, Oil industry body Solvent Extractors' Association (SEA) said. The country’s oilmeal exports in November last year stood at 120,059 tonnes, according to the SEA data. During April-November of the current fiscal, exports of oilmeal fell 27% to 662,489 tonnes from 903,624 tonnes during the same period of last year. The decline in exports was largely due to "lesser availability of oilseeds for crushing and continuous disparity in exporting soyabean meal in international market," SEA said. Last month, the outbound shipments of rapeseed meal decreased to 12,304 tonnes from 12,845 tonnes in November last year, while extraction of rice bran too reduced to 2,371 tonnes from 12,528 tonnes ...
Indias oilmeals exports down 68% in April-May16
The Dollar Business Bureau India’s exports of oilmeals dropped by 68 percent to almost 97,779 tonnes in April-May 2016 compared to 303,977 tonnes during the same period of last year. In May this year, exports of oilmeals plunged by 94 percent to 7,737 tonnes against 121,339 tonnes in the same month a year earlier. India’s major importers of oilmeals include South Korea, Vietnam, Indonesia, Taiwan, and Myanmar. In April-May 2016, India exported 47,202 tonnes of oil meals to South Korea, consisting of 10,302 tonnes of rapeseed meal and 36,900 tonnes of castor meal, as against 179,569 tonnes during the corresponding period of last year. Oilmeals imported by Vietnam from India stood at 35,878 tonnes till May this year, as against last year’s 57,604 tonnes. India’s total ...
Oilmeal exports down 74% in February
Total oilmeal exports during the period April 2015 February 2016 fell by 52% to 1,092,905 tonnes from 3,969,903 tonnes during the same period of 2013-14 The Dollar Business Bureau Currently, Indian soybean meal is quoted at $480 per tonne against that of Argentina at $321 per tonne, and out-priced by about $160 per tonne in international market Indias oilmeal exports slumped by 74% in February due to a large decline in soyabean crushing and domestic unavailability of oil and meals. In February, Indias oilmeal exports stood at just 53,866 tonnes as against 208,499 tonnes in February 2015. Total oilmeal exports during the period April 2015 February 2016 fell by 52% to 1,092,905 tonnes from 3,969,903 tonnes during the same period of 2013-14. Soybean ...
Oilmeal exports down 85% in December
Concerned over availability of oil in the domestic market, the SEA has requested the government to reduce import duty to 5-10% from the current 30% on high oil content oilseeds The Dollar Business Bureau Oilseeds imports will not adversely impact the Indian farmers as they are protected with an assured M.S.P. by the government Oilmeal exports in December slumped by 85% due to a huge decline in Soybean crushing and negligible domestic production of both oils and meals. Last month, oilmeal exports stood at only 59,818 tonnes compared to 410,178 tonnes in December 2014. The alarming declines of Indian oilseeds production and crushing are going along with booming import demand for vegetable oils and have brought oilmeal exports from India almost to a standstill, ...
Indias oilmeal exports decline by 41% in November
Indias oilmeal exports to Japan, Iran, Thailand, Indonesia, Taiwan and Vietnam have gone down considerably due to severe competition from other major exporting countries including China and Argentina The Dollar Business Bureau Indian oilmeal has lost Vietnam market due to a stiff competition from other exporters and increased availability of the commodity from their domestic crushing units Indias oilmeal exports fell by 41% in November to 112,081tonnes as against 189,032 tonnes in the same month last year. Accumulative exports of oilmeal during April-November 2015 also fell by 38% to just 895,646 tonnes from last years 1,452,105 tonnes. The export of soybean meal is at a historical low during current year and reported 55,889 tonnes during the first eight months of the financial year 2015-16 ...
Indias oilmeal exports nosedive by record 94% in Oct
Deepak Kumar | The Dollar Business Oilmeal exports in October sank to a record 94% due to a sharp decline in soyabean crushing shipments and less import by the key Asian markets. Exports last month came down to just 13.7 thousand tonnes from 238 thousand tonnes in October 2014. Overall oilmeal exports during April-October 2015 also declined by 40% to 763 thousand tonnes from 1.26 million tonnes recorded during the corresponding period of last year. Expressing concern over the slowdown in global trade, industry leaders have urged the government to reform its exports policy and come out with incentives plans to support Indian oil manufactures. “The government needs to restructure the export policy. The current trend is not supporting Indian oil manufacturers. ...
Indias oilmeal exports see a sharp dip in April - December 2014
The Dollar Business Bureau A plunge in soybean oilmeal exports due to low international prices has resulted in a sharp decline in India’s overall oilmeal exports in the first eight months of FY2014-15. According to the Solvent Extractors’ Association of India (SEA), India’s oilmeal exports during April-December 2014 stood at around 1.84 million tonnes, which is down about 42% from around 3.2 million tonnes recorded during the corresponding period in the previous year. The main reason for the slump is low international price of soybean oilmeal, exports of which have declined to around 444,736 tonnes in April – December 2014, down about 78% from around 2 million tonnes in the same period in FY2013-14. SEA said in a ...
Indias oilmeal loses major share in Iran market
The Dollar Business Bureau | @TheDollarBiz Source - Solvent Extractors Association of India High domestic prices and prospects of a reduced crop this year have virtually knocked India out of key oilmeal destinations in Iran, EU and Southeast Asia. According to the Solvent Extractors Association of India (SEA), India’s oilmeal exports have plunged to 950,599 tonnes during April – September 2014, down 43% from around 1.65 million tonnes exported in the same period last year. In September 2014, total oilmeal exports from India stood at just 82,749 tonnes, down 73% from 301,717 tonnes shipped in September 2013. While domestic prices remain high, conditions have changed dramatically in the international markets in the last few months. Some sanctions on Iran ...
