From Chairman's Desk

Dear Friends,

 

India’s merchandise exports in April 2021 was USD 30.21 billion, an increase of 197.03%  over USD 10.17 billion in April 2020 and an increase of 16.03% over USD 26.04 billion in April 2019.

 

India’s merchandise imports in April 2021 was USD 45.45 billion, with an increase of 165.99% over USD 17.09 billion in April 2020 and an increase of 7.22% over USD 42.39 billion in April 2019.

 

India is thus a net importer in April 2021 with a trade deficit of USD 15.24 billion, which increased by 120.34% over trade deficit of USD 6.92 billion in April 2020 and declined by 6.81% over trade deficit of USD 16.35 billion in April 2019.

 

It is a matter of satisfaction that export of Oil Seeds recorded an increase of 166.24% in April, 2021 in comparison to April, 2020.

 

Exports of Groundnut increased to 542,877.01 MT during April-January 2020-21 from 532,777.76 MT during April-January 2019-20. In value terms Groundnut exports increased to Rs. 4507.33 crores from Rs. 4020.87 crores.

 

Sesame Seed exports during April-January 2020-21 decreased to 222,636.47 MT in comparison to 231,996.98 MT during April-January 2019-20. In value terms, Sesame Seed exports declined to Rs. 2580.10 crores from Rs. 3067.69 crores.

 

Imports of Sesame Seed during April-January 2020-21 have been about 97,081.75 MT in comparison to 109,291.43 MT during April-January 2019-20, indicating a decline in imports in 2020-21.

 

Niger seed export during April-January 2020-21 was 17,362.50 MT in comparison to 10,297.69 MT during April-January 2019-20. In value terms, Niger seed export was worth Rs. 137.29 crores in comparison to Rs. 78.16 crores.

 

The export of Sunflower seed during April-January 2020-21 was 1,162.78 MT with a value of Rs. 7.46 crores in comparison to 1,095.08 MT during April-January 2019-20 year with a value of Rs. 5.60 crores. 

 

The export of Safflower seed during April-January 2020-21 was 2,450.75 MT with a value of Rs. 11.45 crores in comparison to 2,185.10 MT during April-January 2019-20 with a value of Rs. 12.10 crores. 

 

The export of Linseed seed during April-January 2020-21 was 10,686.13 MT with a value of Rs.76.67 crores in comparison to 10,451.66 MT during April-January 2019-20 with a value of Rs. 69.69 crores. 

 

The export of Groundnut oil during April-January 2020-21 was 183,860.80 MT with a value of Rs.2533.23 crores in comparison to 31,225.63 MT during April-January 2019-20 with a value of Rs. 314.98 crores. 

 

The export of Sesame oil during April-January 2020-21 was 9,155.39 MT with a value of Rs.222.93 crores in comparison to 7,792.76 MT during April-January 2019-20 with a value of Rs. 170.78 crores. 

 

The export of Mustard and Rapeseed oil during April-January 2020-21 was 6046.21 MT with a value of Rs. 86.50 crores in comparison to 3488.42 MT during April-January 2019-20 with a value of Rs. 44.10 crores. 

 

The export of sunflower and safflower oil during April-January 2020-21 was 3,687.31 MT with a value of Rs.37.19  crores in comparison to 3,634.21 MT during April- January 2019-20 with a value of Rs. 34.71 crores. 

 

The export of Linseed oil during April- January 2020-21 was 394.26 MT with a value of Rs.12.19  crores in comparison to 236.39 MT during April- January 2019-20 with a value of Rs. 5.11 crores.

 

The export of Castor oil during April- January 2020-21 was 559,037.23 MT with a value of Rs. 5055.60 crores in comparison to 451,918.64 MT during April- January 2019-20 with a value of Rs.4933.76 crores. 

 

Prices of various oilseeds (US$) are hovering around the levels as follows: 

Sesame Seeds

Basis FOB

Price per MT

(April 2021)

Natural Whitish 99/1/1

Mundra / JNPT

1250-1275

Natural Whitish 98/2/2  

Mundra / JNPT 

1220-1245

Hulled Auto Dried Sortexed Regular 99.95%

Mundra / JNPT

1625-1650

Hulled Auto Dried Sortexed Premium 99.97%

Mundra / JNPT

1650-1675

Black 99/1  Sortexed

Mundra

1925-1975

Black Jet Sortexed

Mundra

2175-2225

Ethiopian Whitish Humera

Djibouti   

1525-1550 

Sudanese Whitish Gederaf

Port Sudan 

1475-1500 

Sudanese Reddish

Port Sudan

1135-1160 

     

 

Groundnut

Basis FOB

Price per MT

(April 2021)

India

40/ 50 Bold

Mundra 

1375

50/60 Bold

Mundra

1325

60/70 Bold

Mundra

1275

50/60 Java

Chennai

1380

60/70 Java

Chennai

1350

80/90 Java

Chennai

1280

 

Other Oilseeds/oils

Basis FOB

Price per MT

(April 2021)

Safflower Seeds

JNPT

740 - 750

Niger Seeds 99%

JNPT

1160 - 1180

Linseed/Flax Seeds 99%

JNPT

1230 - 1250

Black Sunflower Seed 99%

JNPT

1030 - 1050

Striped Sunflower seed 99%

JNPT

1020 - 1040

Mustard Seeds Bold 1%

Mundra

1030 - 1050

Mustard Seeds Small 1%

Mundra

970 - 990

Castor Seeds

Mundra

720-750

Castor Oil FSG

Kandla, in bulk Vessel

1480-1530

Sesame Oil

Kolkata

2450-2600

Groundnut oil

Mundra

2000-2050

Source: Trade Estimates



A virtual meeting with all the EPC’s was called by The Hon'ble Minister for Commerce & Industry Shri Piyush Goyalji to discuss on “Sectoral review on export performance". During the meeting I expressed concerns raised by our member exporters. Shri Goyalji specifically complimented IOPEPC for its contribution to enhance exports during this challenging time of Pandemic and sought suggestions / recommendations from IOPEPC to further enhance the exports and contribute to increase in India’s export target for the year 2021-22. Therefore we have invited suggestion from our members on the same. I would once again request our members to provide their suggestions / views on increasing the export of Oilseeds & Edible Oils from India.

 

The Council received communication from several exporters exporting to Russia wherein they were facing challenges in clearance of consignments. We then requested members to inform the Council if any consignment sent to Russia was detained / not cleared at any Russian Port. We are glad to inform you that the Council proactively initiated measures to facilitate the clearance of the consignments withheld / not cleared at the port of destination with the intervention of the Indian Embassy in Moscow, Russia. I take this opportunity to express sincere gratitude to the Embassy officials in Moscow, Russia for their continued support.

 

The Council has extended its co-operation and support to DGFT’s initiative for On-boarding of IOPEPC for Issuance of Non-Preferential COO on the Common Digital Platform and the same is expected to go live shortly. Members can use the Platform to obtain Non-Preferential Certificate of Origin in digital format.

 

The Council organised its maiden Virtual Buyer Seller Meet on 23/03/2021. Potential buyers from several countries participated in the meet. Virtual table spaces were allotted to interested exporters, thereby providing an opportunity to have a one on one discussion with the importers. Taking cue from this event and considering the success of the event, more similar virtual events would be organised in days to come.

 

The Council has taken up the matter regarding the Rapid Alerts in Sesame Seed consignments from the European Union (EU). The council had series of meetings with high level bureaucrats from the Ministry of Commerce & Industry, Ministry of Agriculture, and Officials from Embassy of India in the European Union. A virtual meeting with the European Union was held, wherein IOPEPC strongly put forward its views on the possible source/s of contamination and detection of Ethylene Oxide (ETO) in consignments of Sesame Seeds shipped from India and expressed concern on its permissible limits for import into the EU. The matter is being taken up on top priority by the European Mission and the Indian Authorities as ETO is now being detected in other agriculture produce being tested in the European Union. A meeting was also organised of all member exporters to sensitise the matter.  In this meeting it was agreed to come out with a Model Contract for export between exporter and importer to the European Union.

 

Considering the ongoing pandemic situation, this year also the Council will not be in position to conduct crop survey physically having persons to visit the farms and collect the data. However since the Crop Survey plays a pivotal role in understanding quantity produced and the expected crop situation to gauge the quantity available for export and to enable exporter members plan for export accordingly, it has been decided to organise "IOPEPC Virtual Oilseeds Summer Crop Estimate Conference" on 20th May 2021 at 5 PM (IST). Participation is free and all members are welcome to register and participate in the same.



With Best Wishes and Regards

 

Khushwant Jain

(Chairman)





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