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POINTERS 2014 MPOC
Palm Oil Internet Seminar
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Section 1 : Palm Oil Price Fundamentals:
India's Oils and Fats Outlook 2016/2017
By: Mr. Govindbhai G. Patel

a) He is Managing Partner of GG Patel & Nikhil Research Company. A first of its kind research company in India which is working on primary research about agricultural industry and its dynamics. The company has undertaken several projects & provides detailed statistics and information with its core competence in oils & oilseeds market.

b) He is Managing Partner of GGN International, an intermediary which helps Indian importers procure imported oils like CPO, Palmolein, Soybean Oil, Sunflower oil, Rapeseed oil etc.

c) He has spent more than 50 years in the oilseeds Industry, with experience on all aspects of the veg oil Industry. He has experience of running crush plant, solvent plant, and refinery to Vanaspati Industry. He has actively participated in Import of Vegoils & export of oil meals and oilseeds to Europe & South east Asia.

d) Ex - President of The Solvent Extractors’ Association of India, Mumbai (SEA) which is a Premier Association of Oils, Oilseeds and De-oiled Meals industry in India having more than 850 membership.

e) Ex - President of The Central Organization for Oil Industry & Trade, New Delhi (COOIT) – COOIT is an apex body for all the Associations situated in India relating to Edible Oils, Oilseeds and Deoiled Meals.

f) Ex - Vice-Chairman of the Vanaspati Manufacturers’ Association of India, New Delhi.

g) Have presented various Papers at International and National Forums.

h) Leader of various delegations sent broad sponsored by Central Government and various Associations for promotion of Oilseeds, Oils and Deoiled Meals export/import and trade in general from India.

i) Presently Executive Committee Member of SEA and COOIT and also Convener of Crop Estimate Committee of COOIT and SEA.


VIEW PROFILE
In late 1980s and early 1990s, India pursued self-sufficiency in Veg Oil production. But as the domestic production was not increasing commensurate with the demand, Government allowed import of edible oils under OGL from 1994-95.

Total area under Oilseeds in 2005-06 was 26.57 ml Ha and in 2014-15 it was 24.98 ml Ha. Hence the sowing area under major oilseeds has not increased. Average yield of Oilseeds during 2005-06 was 749 Kg per Hectare while in 14-15 it was 719 Kg per Ha. Likewise due to drought or drought like situation, as most of the oilseeds are grown in rainfed area, there is variation in the yield on account of vagaries of rain. During 2005-06, Oilseeds production (Khariff + Rabi) was 22.47 ml T and it reduced to 18.90 ml T in 2014-15.

Steady economic growth – domestic production not increasing commensurate to demand are important contributors to India’s increasing import. India has become world’s largest importer of Edible Oils and is likely to remain so in foreseeable future. India’s average import was 0.9 ml T through STC during 1980-81 to 1994-95. India’s import increased to 4.42 ml T in 2001-02, to 8.18 ml T in 2008-09 and to 14.42 ml T in 2014-15. In 2015-16 it is likely that the import may reach to 15 ml T. The quantity of import of Palm Oil increased much more in comparison with other oils.

India’s consumption of all edible oils was 14.06 ml T in 2008-09 and it increased to 21 ml T in 2015-16. Likewise domestic production decreased from 6.34 ml T to 5.8 ml T during the same period and import increased from 8.18 ml T to 15 ml T in the same period. India’s import dependence increased from 44% in 2001-02 to 72% in 2015-16. This paper will provide the insight into the projected Indian edible oil demands for the upcoming 2016/ 2017.


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Questions & Answers (1) :
Siva
3 years ago
In China, a large amount of soybean is imported to be crushed. However in India, oil is the major import. Hope you can explain on the reason for these differences because I do think that with its big population, India will also need a large husbandry sector which requires a lot of meals. Hence, a lot of oilseeds should be imported to meet the country’s requirement.
Govindbhai Patel:
Soybean is not imported in India due to following reasons :- 1. There is 30% import duty on import of Oilseeds which makes economically unviable. 2. GMO Soybean Seeds is not allowed to be imported in India. Only Non-GMO variety could be imported at 30% import duty. 100% Non-GMO variety is not available in the world market and due to import duty burden, it is not imported. 3. On the contrary, India exports around 300k/400k of Non-GMO Soybean to the world market in the small parcels. 4. Whatever requirement of Soy Meal for domestic market is there it is being satisfied from processing of Local Soybean crop. There is no excess requirement of Soy Meal. On the contrary, India exports Soy Meal.
3 years ago
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