Solvent Association estimate Oct all oilmeals export only Half vs Sep 172K MT at 84143 Ton/Mustard Meal export crashes to 25234 Ton vs Sep 89975 Ton-GN Meal No export.
The export of oil meals during October 2018 has declined by 58% as compared to October 2017, according to figures compiled by the Association.
The country has exported 84,143 tons of oil meals in October 2018 as compared to 200,158 tons in October 2017. The overall export during April to October 2018 is reported at 1,582,589 tons compared to 1,486,036 tons during the same period of last year, up by 6.5%.
The export of rapeseed meal is sharply increased to 680,216 (323,358) tons in the first seven months, almost doubled mainly exported to South Korea, Vietnam and Thailand.
The ongoing trade dispute between USA and China has created a lot of uncertainty and forcing China to look out to other origins for their requirements of soybean and other oilmeals. This has compelled China to relook its ban imposed for importing of oilmeals from India since 2012.
A release issued by the association said “We understand from mnistry of commerce/Export Inspection Council of India that China will resume soon import of Rapeseed Meal from India. Those units already approved by General Administration of Customs of the People’s Republic of China, GACC ( formerly AQSIQ) will able to resume the export of Rapeseed Meal to China once their registration with Chinese Ministry of Agriculture (MoA) is done. In case of resumption of export of Soybean Meal from India to China, may take some time as Chinese GACC team is likely to visit during the current month to inspect/approve the units.”
Prior to ban in 2012, China used to import nearly half a million tons of oil meals that included Rapeseed meal 3.5 to 4.0 lakh tons and 1.0 lakh tons of soybean meal from India.