Oilmeal exports jump 55% in Dec 2005

Mumbai, Jan 5 | Updated: Jan 6 2006, 06:04am hrs
Indias oilmeal exports rose by 54.6% to 579,700 tonnes in December 2005, compared with the same month last year, the Solvent Extractors Association of India said in a release on Thursday.

Exports during October-December moved up to 1.1 million tonnes against 0.64 million tonnes in the year ago period, the release said. Oilmeal exports in April-December rose 23% to 2.4 million tonnes from 1.9 million tonnes in the year ago period.

Exports of oilmeal have picked up in the recent months after lower exports in the April-June quarter, which had recorded lower production and crushing margin.

However, higher production and fresh demand from Taiwan, South Korea, Vietnam pushed up exports after June, the release said. The exports fell 34% at 718,275 tonnes during April-June over the same period last year.

The export of soybean meal jumped in December after recovering from bird flue fear. Far East markets operating at very low inventory and short in last two months, increased its buying which boosted exports in December 2005.

Better realisation due to strong rupee coinciding with Indian meal being most competitive, easy availability and increased movement in container load pushed the overall export during December 2005.

Looking to the world demand and the price competitiveness, the overall export of oil meal from India is expected to maintain the pace of the export during Jan-Mar 2006 quarter also.

The exports of castor meal increased to over 160,000 tons during April - December 2005 compared to 45,000 tons during the same period of last year. The increase was most visible after the promotional efforts made by SEA in introducing castor meal as organic fertiliser in new markets like Vietnam, Thailand & Japan apart from traditional Taiwan and South Korean markets.

The groundnut and rapeseed meal more or less maintained its share while rice bran extraction export is further revived and reported at 60,000 tons during April - December 2005 compared to 43,000 tons during the same period of last year.

The export from Kandla is reported at 1,466,550 tonnes (61%), followed by Mumbai which handled 405,725 tonnes (17%), Vizag 220,550 tonnes (9%), Bedi 199,400 tonnes (8%), Kakinada 56,025 tonnes (2%) and Bhavnagar 52,600 tonnes (2%).