PRESS RELEASE

PR-063/2022-23
20th February, 2023
The Commercial Editor:

Dear Sirs,
Export of Oilmeals – Apr.’22 – Jan.’23 Back in Track – Up by 70%
Surge in Export of Rapeseed and Revival of Soybean Meal
The Solvent Extractors’ Association of India has compiled the export data for export of oilmeals for the
month of January 2023 provisionally reported at 472,438 tons compared to 176,967 tons in January 2022
i.e. up by 167%. The overall export of oilmeals during Apr.’22 to Jan.’23 is reported at 3,297,894 tons
compared to 1,944,706 tons i.e. up by 70%.
Record Export of Rapeseed Meal - Boosted Sowing :
It is hearting to note during first ten months of the current financial year (2022-23), export of rapeseed meal
has set a new record and broke the earlier highest record export of 12,48,000 tons in 2011-12 (F.Y.) and
reported at 19,10,008 tons. Currently India is the most competitive supplier of rapeseed meal to South
Korea, Vietnam, Thailand and other Far East Countries @ US$ 250 per ton FOB India while rapeseed meal
Hamburg ex-mill quoted at US$ 428 per ton. The better realization from Rapeseed (Mustard) Oil and export
of Rapeseed Meal not only supported domestic price of Mustarseed but also encouraged larger sowing
area under Mustard crop during current Rabi Season and reported about 98.02 lakh ha compared to 91.25
lakh ha., up by 6.77 lakh ha.
Revival of Export of Soybean Meal :
With fall in local Soybean price to level of Rs.4700 per quintal from the highest level of Rs.7640 per quintal
in April 2022, encouraged larger crushing and better price parity, made export of soybean meal attractive.
Currently as on 17th Feb.,2023 Argentina soybean meal price Ex-Rotterdam quoted at US$ 619 while Indian
soybean meal Ex-Kandla has quoted at US$ 585 per ton. The major consumer of Indian soybean meal are
South East Asia, where India has a logistic advantage and also can supply in small lots. Also, Indian
Soybean Meal being Non GMO has an advantage and being preferred by certain European countries and
U.S.A. The rupee depreciation also pushing the overall export. This helped India to revive the export of
soybean meal in new crop during Nov.’22 to Jan.’23 shipment reported at 395,352 tons compared to just
138,771 tons in last Nov.’21.- Jan.’22
Export of Oilmeals – Apr.’22 – Jan.’23
(Qty. in M.T.)
Month Soybean Rapeseed G. Nut Rice Bran Castor Total Last Change
Meal Meal Meal Ext. Seed Meal Year %
Apr.,2022 25,265 229,207 --- 53,742 25,758 333,972 303,705 (+) 10%
May, 2022 18,634 169,148 675 35,840 31,156 255,453 228,319 (+) 12%
June, 2022 32,194 308,549 707 64,025 26,365 431,840 203,868 (+) 119%
July, 2022 14,618 144,308 695 45,225 22,401 227,247 191,663 (+) 19%
August, 2022 17,547 228,960 534 11,787 23,670 282,498 164,831 (+) 71%
Sept.,2022 13,718 163,089 2,473 36,492 24,897 240,669 183,837 (+) 31%
Oct.,2022 40,196 98,571 4,598 34,305 35,484 213,154 157,590 (+) 35%
Nov.,2022 164,075 134,952 6,854 55,888 45,424 407,193 163,057 (+) 150%
Dec.,2022 121,138 194,748 4,159 65,658 47,727 433,430 170,869 (+) 153%
Jan.,2023 110,139 238,476 6,020 78,956 38,847 472,438 176,967 (+) 167%
Apr.’22 - Jan.’23 557,524 1,910,008 26,715 481,918 321,729 3,297,894 1,944,706 (+) 70%
Apr.’21 – Jan.’22 315,108 729,757 2,688 579,547 317,606 1,944,706
2021-22 (F.Y.) 372,740 866,407 2,363 749,810 382,424 2,373,744
2020-21 (F.Y.) 1,564,833 1,113,021 6,596 575,770 419,864 3,680,084
2019-20 (F.Y.) 692,883 961,312 3,877 236,589 538,956 2,433,617
2018-19 (F.Y.) 1,358,083 1,094,015 8,673 487,968 375,954 3,324,693
2017-18 (F.Y.) 1,187,818 663,988 7,931 594,129 572,762 3,026,628
Cont…2
 -2-
Average Prices and Rupee depreciation : (Price in US$/FAS Indian Port/Tons)
Meal Jan Dec Nov Oct. Sept. Aug. July June May Apr. Mar. Feb. Jan.
2023 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022 2022
Soybean Meal 549 530 525 508 565 670 675 694 720 827 888 776 760
Rapeseed Meal 255 257 290 295 295 295 295 294 306 321 326 314 337
Castorseed Meal 128 146 165 141 152 164 156 152 143 141 172 170 159
De-oiled Rice .Bran 188 199 229 227 219 214 184 161 162 NQ NQ NQ NQ
E: 1US$ = Rs. 81.74 82.47 81.68 82.29 80.25 79.50 79.59 78.09 77.29 76.17 76.18 74.97 74.41

South Korea , Thailand and Vietnam the major importer of Indian Oilmeals
During Apr’22.- Jan.’23, South Korea imported 806,630 tons of oilmeals (compared to 509,173 tons);
consisting of 551,290 tons of rapeseed meal, 224,631 tons of castorseed meal and 30,687 tons of
soybean meal. Vietnam imported 752,142 tons of oilmeals (compared to 478,890 tons); consisting of
337,229 tons of rice bran extraction, 218,247 tons of rapeseed meal, 191,657 tons of soybean meal
and 5,009 tons of groundnut meal. Thailand imported 626,754 tons of oilmeals (compared to 144,092
tons); consisting of 598,863 tons of rapeseed meal, 21,261 tons of soybean meal, 4,038 tons of
groundnut meal, 1,794 tons of rice bran extraction and 798 tons of castorseed meal. Bangladesh
sourcing rapeseed meal and ricebran extraction from India and imported 360,805 tons of oilmeals
(compared to 290,853 tons), consisting of 76,751 tons of ricebran extractions, 244,840 tons of
rapeseed meal and 39,214 tons of soybean meal. Taiwan imported 115,146 tons of oilmeals
(compared to 78,167 tons); consisting of 69,029 tons of castorseed meal, 36,267 tons of rapeseed
meal, 7,180 tons of groundnut meal and 2,670 tons of soybean meal.
Major Importers of Oilmeals
(Qty. in M.T.)
Country Apr.’22 – Jan.’23 Apr.’21 – Jan.’22 % Change
South Korea 806,630 509,173 (+) 50.40%
Vietnam 752,142 478,890 (+) 57.05%
Thailand 626,754 144,092 (+) 334.96%
Bangladesh 360,805 290,853 (+) 24.05%
Taiwan 115,146 78,167 (+) 47.30%

Port-wise Export of Oilmeals : Apr.’22 – Jan.’23

The export from Kandla is reported at 998,173 tons (30%), followed by Mundra handled 1,052,982 tons
(32%), Mumbai including JNPT handled 239,875 tons (7%), Kolkata handled 343,341 tons (10%) and
Others Ports handled 663,523 tons (20%).

Export from Major Ports

(Qty. in M.T.)
Port Apr.’22 – Jan.’23 Apr.’21 – Jan.’22 % Change
Kandla 998,173 337,496 (+) 195.75%
Mumbai/JNPT 239,875 136,484 (+) 75.75%
Mundra 1,052,982 561,643 (+) 87.48%
Kolkata 343,341 388,655 (-) 11.66%
Others 663,523 520,428 (+) 27.50%

We are attaching here-below a Month-wise/Port-wise/Country-wise statements of export of oilmeals

during Apr.’22 to -Jan. ‘23 with comparative for previous year for your kind information and necessary
coverage in your esteemed media & oblige.

Thanking you,

Yours faithfully,

(Dr. B. V. MEHTA)
Executive Director

Attach: Statements

File: C-76(stat)