Financial Daily from THE HINDU group of publications
Thursday, May 06, 2004
Agri-Biz & Commodities
Oilseeds & Edible Oil
Industry & Economy - Exports & Imports
Oilmeals export may top 40 lakh t
Mumbai , May 5
OILMEAL exports are expected to exceed 40 lakh tonnes during the current season 2003-04 (November/October) due to record kharif oilseeds crop and good demand for de-oiled meals in the international market.
The total oilmeal exports during the first half of the current season 2003-04 (i.e. November 2003 to April 2004) has been reported at 32,75,225 tonnes against 13,55,050 tonnes during November 2002 to April 2003.
"There are good export prospects to China and Thailand during the second half of the current season. Export may reach about 8 lakh tonnes in the second half of current season. Thus, total export may cross 40 lakh tonnes," Mr Devi Prasad Khandelia, President, Solvent Extractors' Association of India (SEA), told presspersons.
"Thanks to bumper record kharif oilseeds crop, good demand and price for Indian de-oiled meals in the international markets and an increase of over 70 per cent in quantum of oilmeals exported from the country has helped the industry to revive to a great extent," Mr Khandelia said.
Soyabean meal export has doubled to 26.8 lakh tonnes, while rapeseed meal export has stabilised back in last two years to the near normal of 4.5 lakh tonnes each year, from 63,000 tonnes in 2000-01.
"There is good scope to increase export of oilmeals, particularly groundnut meal and rapeseed meal, to China provided quality and delivery are guaranteed. There is also potential to increase groundnut oil export to China and sesame seed, as both are in good demand," said Mr Khandelia, giving details about the recent study visit of a 13-member delegation to China.
"There is a scope for setting up joint venture to set up units to process rice bran and possibility to provide know-how to upgrade medium size solvent extraction plants," he said.
The Solvent Extractors' Association of India, at the invitation of China National Vegetable Oil Association (CNVOA) and sponsored by Ministry of Commerce, Government of India, deputed a delegation of 13 members under the leadership of Mr D.P. Khandelia, President of the Association to China visited Beijing, Herbin, Shanghai, Nantong, Guangzhou during April 16-25, 2004, to study the Chinese oilseed complex.
The total quantity of production in China included eight different kinds of oilseeds (including soyabean, groundnut, rapeseed, cottonseed, sesame seed, sunflower seed, linseed and castor seed) reached 52.7 million tonnes.
The total oil production from the domestic source is about 10 mt, while China imports about 20 mt. Soyabean seed equivalent to 3.6 mt soyabean oil and the balance is met by import of 5.5 mt to 6 mt of vegetable oil, mainly palm oil and soya oil.
The Chinese requirement of edible oil works out to be about 18 mt to 19 mt.
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