Home » Commerce and Industry » Export of Oil meal and Oil meal Products 

Export of Oil meal and Oil meal Products 

There has been no decline in India’s export of oilmeals during the last three years and the current year.   Soybean meal constitute major share (more than 60%) in export of all oilmeals. Merchandise Exports from India Scheme (MEIS) on export of soyabean meal has been increased to 10% from 7%  from 13th July, 2018.  MEIS is available at the rate of  5% on export of other oilmeals (except groundnut oilmeal).

The Government has come up with a comprehensive Agriculture Export Policy to boost the export of agricultural products. The Department of Commerce also has several schemes to promote exports, including exports of agricultural products, like Trade Infrastructure for Export Scheme (TIES), Market Access Initiatives (MAI) Scheme, Merchandise Exports from India Scheme (MEIS) etc. In addition, assistance to the exporters of agricultural products is also available under the Export Promotion Schemes of Agricultural & Processed Food Products Export Development Authority (APEDA), Marine Products Export Development Authority (MPEDA), Tobacco Board, Tea Board, Coffee Board, Rubber Board and Spices Board. These organisations also seek to promote exports through participation in international fairs & exhibitions, taking initiatives to gain market access for different products in different markets, dissemination of market intelligence, taking steps to ensure quality of exported products etc.

Details of India’s export of oil meals to different countries for the last 3 years and current year (upto November ”18) and India’s share in World exports are:

Commodity: Oilmeals: HS code 2304,2305,2306 Qty (Ton)/ Val in Million USD
Country 2015-16 2016-17 2017-18 2018-19*

 (upto Nov’18)

Qty. Value Qty. Value Qty. Value Qty. Value
BANGLADESH 242662 83.35 431980 154.76 649824 211.98 306074 113.89
VIETNAM 376845 69.16 316103 66.19 553458 116.09 392212 81.17
KOREA 710365 123.70 587796 90.78 602195 102.40 520542 106.57
FRANCE 13146 4.08 182975 69.43 233615 87.76 129053 51.84
NEPAL 111160 47.78 187711 73.91 216121 83.33 121626 52.15
GERMANY 416 0.22 55313 23.86 164570 70.59 57644 29.74
U S A 17721 12.88 50640 36.13 96235 60.70 116081 71.84
JAPAN 53175 25.32 217346 84.63 126753 50.61 98673 41.09
THAILAND 67978 19.87 55602 17.92 172844 44.90 200202 49.64
MYANMAR 37676 17.00 75691 29.02 109491 41.71 51988 18.45
OTHER COUNTRIES 425220 149.65 471098 158.82 645673 223.10 537357 201.75
Total 2056364 553.01 2632255 805.45 3570779 1093.16 2531452 818.13

(Source:DGCI&S)

Figures for 2018-19 are provisional and subject to change.

Share of India’s oilmeal exports (in Million USD) vis-à-vis World Export (in Million USD)

 

Year All countries export India’s export India’s Share (%)
2015 32273.04 833.31 2.58
2016 30162.00 579.68 1.92
2017 28239.57 1157.96 4.10

 

Note 1: The data on World trade has been obtained from UN Comtrade database. The data is calculated in calendar year in the UN Comtrade database.

Note : Figures for the calendar year 2018 is not available.

This information was given by the Minister of State of Commerce and Industry, C. R. Chaudhary, in a written reply in the Lok Sabha today.

About ppb

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

India’s total exports estimated to grow at 2.81% in July 2024.The cumulative overall exports during April-July 2024 estimated to grow at 6.65%.

India’s total exports (Merchandise and Services combined) for July 2024* is estimated at USD 62.42 ...

INDEX OF EIGHT CORE INDUSTRIES (BASE: 2011-12=100) FOR JUNE, 2024

The combined Index of Eight Core Industries (ICI) increased by 4.0per cent (provisional) in June, 2024 ...

DPIIT promotes green logistics industry balancing economic growth and environment

The Government recognizes the importance of sustainable logistics for India’s economic growth and environmental well-being. ...

EXPORT OF SEA FOOD

The current status of the export of seafood from the country is given below:-   ...

Combined Index of Eight Core Industries (ICI) increases by 5.2 per cent (provisional) in March, 2024 as compared to March, 2023

The combined Index of Eight Core Industries (ICI) increased by 5.2 per cent (provisional) in March, 2024 ...

Index Numbers of Wholesale Price in India for the Month of March, 2024 (Base Year: 2011-12)

The annual rate of inflation based on all India Wholesale Price Index (WPI) number is ...

Despite persistent global challenges, overall exports (merchandise + services) estimated to surpass last year’s highest record. It is estimated to reach USD 776.68 Billion in FY 2023-24 as compared to USD 776.40 Billion in FY 2022-23.

India’s overall exports (Merchandise and Services combined) in March 2024* is estimated to be USD ...

GeM crosses ₹ 4 Lakh Crore in GMV at the end of this Fiscal Year, doubles business in a year

Government e Marketplace has closed this financial year with ₹ 4 lakh crore in Gross ...

Combined Index of Eight Core Industries increases by 6.7% (provisional) in Feb 2024 as compared to Index of Feb 2023

The combined Index of Eight Core Industries (ICI) increased by 6.7per cent (provisional) in February 2024 ...

Highest monthly merchandise exports, in the current FY so far, recorded in February 2024. India’s merchandise exports in February 2024 stands at USD 41.40 Billion; an increase of 11.86% over USD 37.01 Billion in February 2023

India’s overall exports (Merchandise and Services combined) in February 2024* is estimated to be USD ...

WP2Social Auto Publish Powered By : XYZScripts.com