iGrain India - Indian oil meal exports saw a decline of 7% during the first seven months of the 2024 financial year (April to October), with total shipments reaching 23.88 lakh tonnes compared to 25.66 lakh tonnes in the same period in 2023. However, there were mixed results within specific categories of oil meals.
Key details:
- Soymeal (Soya DOC) exports saw a significant increase, rising from 6.74 lakh tonnes in 2023 to 10.23 lakh tonnes in 2024.
- Mustard cake (rapeseed extraction) exports dropped significantly from 15.14 lakh tonnes to 11.77 lakh tonnes.
- Exports of castor meal fell from 2.13 lakh tonnes to 1.67 lakh tonnes.
- Rice bran extraction shipments plummeted from 1.52 lakh tonnes to just 0.14 lakh tonnes.
- Groundnut meal exports decreased from 13,146 tonnes to 7,823 tonnes.
Region-wise, exports to several countries saw a decline:
- South Korea: Exports dropped from 5.23 lakh tonnes to 4.33 lakh tonnes.
- Vietnam: Shipments fell from 3.10 lakh tonnes to 1.53 lakh tonnes.
- Thailand: Exports went down from 4.42 lakh tonnes to 2.56 lakh tonnes.
- Bangladesh: Shipments decreased from 5.07 lakh tonnes to 4.28 lakh tonnes.
In terms of port performance, the distribution of oil meal exports in the first seven months of FY 2024 was as follows:
- Kandla: 7.83 lakh tonnes
- Mundra: 5.81 lakh tonnes
- Mumbai/JNPT: 3.84 lakh tonnes
- Kolkata: 12,000 tonnes
- Other ports: 6.40 lakh tonnes