Voluntary Report - public distribution

**Date:** 8/31/2004

**GAIN Report Number:** IN4094

IN4094

**India**

**Oilseeds and Products**

**September Update**

**2004**

**Approved by:**

![](media/image1.wmf)Chad R. Russell

U.S. Embassy, New Delhi

**Prepared by:**

V. Shunmugam

**Report Highlights:**

Edible oil imports during the first ten months of MY 2003 (Oct-Sep) are
estimated at 3.04 million tons, 28 percent less than the quantity
imported during the corresponding period of MY 2002. Trade sources
attribute the decline to increased domestic crush and high international
prices.

Includes PSD Changes: Yes

Includes Trade Matrix: No

Unscheduled Report

New Delhi \[IN1\]

\[IN\]

**Table of Contents**

[MY 2003 Edible Oil Imports Lower 3](#my-2003-edible-oil-imports-lower)

[Table 1: Oct. -- July Edible Oil Imports, MY 2002 vs. MY 2003 (Metric
Ton)
3](#table-1-oct.-july-edible-oil-imports-my-2002-vs.-my-2003-metric-ton)

[MY 2003 meal exports higher 3](#my-2003-meal-exports-higher)

[Table 2: Oct. -- July Edible Meal Exports, MY 2002 vs. MY 2003 (Metric
Ton)
3](#table-2-oct.-july-edible-meal-exports-my-2002-vs.-my-2003-metric-ton)

[Table 3: Commodity, Soybean Oil, PSD
5](#table-3-commodity-soybean-oil-psd)

[Table 4: Commodity, Soybean Meal, PSD
6](#table-4-commodity-soybean-meal-psd)

[Table 5: Commodity, Palm Oil, PSD 7](#table-5-commodity-palm-oil-psd)

#   {#section .unnumbered}

# MY 2003 Edible Oil Imports Lower

Edible oil imports during the first ten months of MY 2003 (Oct-Sep) are
estimated at 3.04 million tons, 28 percent less than the quantity
imported during the corresponding period of MY 2002. Trade sources
attribute the decline to increased domestic crush and high international
prices. Due to diminishing domestic stocks, declining world prices, and
typical higher demand associated with the festival season during
September -- November, Post estimates imports to increase to 600,000
tons per month during August and September, taking the MY 2003 imports
to 4.25 million tons.

Post lowers estimate for MY 2003 palm imports to 3.45 million tons,
although its share in total vegoil imports is estimated to increase, due
mainly to its relatively lower landed cost. Soybean oil imports in MY
2003 are estimated lower at 750,000 tons, due to higher prices coupled
with high shipping costs. Prices though have softened in recent months.
Imports of sunflower oil continue to remain low, accounting for only 1.7
percent of total vegetable oil imports.

# Table 1: Oct. -- July Edible Oil Imports, MY 2002 vs. MY 2003 (Metric Ton)

  ----------------- ----------------- ------------------ -----------------
  **Type of Edible  **MY 2002**       **MY 2003**        **Percent
  Oil**                                                  Change**

  Palm Oil          3,143,985 (73.9)  2,566,634 (84.4)   \- 13

  Soybean Oil       1,025,374 (24.2)  427,811 (14.0)     \- 58

  Sunflower Oil     73,100 (1.7)      49,572 (1.6)       \- 23

  Coconut Oil       5,600 (0.1)       600 (0.0)          \- 89

  Rapeseed Oil      5,540 (0.1)       0 (0)              -100

  Total             4,253,599 (100)   3,044,617 (100)    \- 28
  ----------------- ----------------- ------------------ -----------------

Note: Figures in parentheses indicate percent share of total imports.

# MY 2003 meal exports higher

Meal exports during October 2003 to July 2004 increased 169 percent to
4.0 million tons over the corresponding period of MY 2002, due to
improved domestic supplies and higher demand from traditional markets.
Soybean meal exports jumped 184 percent to 3.28 million tons (excluding
rail/road exports to Pakistan and Bangladesh and container shipments)
and are estimated at a record 3.45 million tons for the full MY 2003
(Oct-Sep). Domestic soybean meal consumption is estimated lower to 1.15
million tons in MY 2003, compared to 1.6 million tons in MY 2002, due to
increased availability of less expensive alternative protein feeds.
Rapeseed meal exports continued to expand, reaching 535,000 tons during
October 2003 to July 2004, 55 percent higher than the corresponding
period of MY 2002. Trade sources attribute higher exports to increased
demand from South East Asian markets due to tight soybean meal supplies.
Increased demand from traditional markets in South East Asia led to a
growth in peanut meal exports, which reached 218,000 tons during the
first ten months of MY 2003 compared with just 1,600 tons during the
corresponding period of MY 2002.

# Table 2: Oct. -- July Edible Meal Exports, MY 2002 vs. MY 2003 (Metric Ton)

  ----------------- ----------------- ----------------- -----------------
  **Type of Oil     **MY 2002**       **MY 2003**       **Percent
  Meal**                                                Change**

  Soybean Meal      1,156,300         3,279,825         183.6

  Rapeseed Meal     344,550           535,475           55.4

  Peanut Meal       1,550             218,225           13,979

  Rice Bran Extract 0                 5,800             \-

  Total             1,502,400         4,039,325         168.9
  ----------------- ----------------- ----------------- -----------------

#  

# Table 3: Commodity, Soybean Oil, PSD

+-----------+--------+--------+--------+--------+---+--------+------+
| PSD Table |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Country:  | India  |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| C         |        |        |        |        |   |        |      |
| ommodity: |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
|           |        | 2002   |        | 2003   |   | 2004   | UOM  |
+-----------+--------+--------+--------+--------+---+--------+------+
|           | Old    | New    | Old    | New    | O | New    |      |
|           |        |        |        |        | l |        |      |
|           |        |        |        |        | d |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Market    |        | 1      |        | 1      |   | 1      | (MO  |
| Year      |        | 0/2002 |        | 0/2003 |   | 0/2004 | NTH/ |
|           |        |        |        |        |   |        |      |
| Begin     |        |        |        |        |   |        | Y    |
|           |        |        |        |        |   |        | EAR) |
+-----------+--------+--------+--------+--------+---+--------+------+
| Crush     | 3420   | 3420   | 5760   | 5760   | 4 | 4860   | (    |
|           |        |        |        |        | 8 |        | 1000 |
|           |        |        |        |        | 6 |        | MT)  |
|           |        |        |        |        | 0 |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Extr.     | 0.184  | 0.184  | 0.184  | 0.184  | 0 | 0.184  |      |
| Rate      | 795322 | 795322 | 722222 | 722222 |   | 773663 |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Beginning | 190    | 190    | 126    | 126    | 1 | 125    | (    |
|           |        |        |        |        | 2 |        | 1000 |
| Stocks    |        |        |        |        | 5 |        | MT)  |
+-----------+--------+--------+--------+--------+---+--------+------+
| P         | 632    | 632    | 1064   | 1064   | 8 | 898    | (    |
| roduction |        |        |        |        | 9 |        | 1000 |
|           |        |        |        |        | 8 |        | MT)  |
+-----------+--------+--------+--------+--------+---+--------+------+
| MY        | 1255   | 1255   | 650    | 750    | 1 | 1150   | (    |
| Imports   |        |        |        |        | 1 |        | 1000 |
|           |        |        |        |        | 5 |        | MT)  |
|           |        |        |        |        | 0 |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| MY Imp.   | 45     | 45     | 50     | 50     | 3 | 35     | (    |
| from      |        |        |        |        | 5 |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| U.S.      |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| MY Imp.   | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| from      |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| the EC    |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| **TOTAL   | **     | **     | **     | **     | * | **     | (    |
| SUPPLY**  | 2077** | 2077** | 1840** | 1940** | * | 2173** | 1000 |
|           |        |        |        |        | 2 |        | MT)  |
|           |        |        |        |        | 1 |        |      |
|           |        |        |        |        | 7 |        |      |
|           |        |        |        |        | 3 |        |      |
|           |        |        |        |        | * |        |      |
|           |        |        |        |        | * |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| MY        | 5      | 5      | 15     | 25     | 1 | 25     | (    |
| Exports   |        |        |        |        | 0 |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
+-----------+--------+--------+--------+--------+---+--------+------+
| MY Exp.   | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| to the EC |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
+-----------+--------+--------+--------+--------+---+--------+------+
| I         | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| ndustrial |        |        |        |        |   |        | 1000 |
| Dom.      |        |        |        |        |   |        | MT)  |
|           |        |        |        |        |   |        |      |
| Consum    |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Food Use  | 1946   | 1946   | 1700   | 1790   | 2 | 2000   | (    |
| Dom.      |        |        |        |        | 0 |        | 1000 |
|           |        |        |        |        | 1 |        | MT)  |
| Consump.  |        |        |        |        | 7 |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Feed      | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| Waste     |        |        |        |        |   |        | 1000 |
| Dom.      |        |        |        |        |   |        | MT)  |
|           |        |        |        |        |   |        |      |
| Consum.   |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Total     | 1946   | 1946   | 1700   | 1790   | 2 | 2000   | (    |
| Dom.      |        |        |        |        | 0 |        | 1000 |
|           |        |        |        |        | 1 |        | MT)  |
| Co        |        |        |        |        | 7 |        |      |
| nsumption |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Ending    | 126    | 126    | 125    | 125    | 1 | 148    | (    |
| Stocks    |        |        |        |        | 4 |        | 1000 |
|           |        |        |        |        | 6 |        | MT)  |
+-----------+--------+--------+--------+--------+---+--------+------+
| **TOTAL** | **     | **     | **     | **     | * | 2173   | (    |
|           | 2077** | 2077** | 1840** | 1940** | * |        | 1000 |
| **DISTR   |        |        |        |        | 2 |        | MT)  |
| IBUTION** |        |        |        |        | 1 |        |      |
|           |        |        |        |        | 7 |        |      |
|           |        |        |        |        | 3 |        |      |
|           |        |        |        |        | * |        |      |
|           |        |        |        |        | * |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Calendar  | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| Year      |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| Imports   |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Calendar  | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| Yr Imp.   |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| U.S.      |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Calendar  | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| Year      |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| Exports   |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Calndr Yr | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| Exp. to   |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| U.S.      |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+

# Table 4: Commodity, Soybean Meal, PSD

+-----------+--------+--------+--------+--------+---+--------+------+
| PSD Table |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Country:  | India  |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| C         | S      |        |        |        |   |        |      |
| ommodity: | oybean |        |        |        |   |        |      |
|           | Meal   |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
|           |        | 2002   |        | 2003   |   | 2004   | UOM  |
+-----------+--------+--------+--------+--------+---+--------+------+
|           | Old    | New    | Old    | New    | O | New    |      |
|           |        |        |        |        | l |        |      |
|           |        |        |        |        | d |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Market    |        | 1      |        | 1      |   | 1      | (MO  |
| Year      |        | 0/2002 |        | 0/2003 |   | 0/2004 | NTH/ |
|           |        |        |        |        |   |        |      |
| Begin     |        |        |        |        |   |        | Y    |
|           |        |        |        |        |   |        | EAR) |
+-----------+--------+--------+--------+--------+---+--------+------+
| Crush     | 3420   | 3420   | 5760   | 5760   | 4 | 4860   | (    |
|           |        |        |        |        | 8 |        | 1000 |
|           |        |        |        |        | 6 |        | MT)  |
|           |        |        |        |        | 0 |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Extr.     | 0.798  | 0.798  | 0.798  | 0.798  | 0 | 0.798  |      |
| Rate      | 245614 | 245614 | 263889 | 263889 |   | 353909 |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Beginning | 42     | 42     | 45     | 45     | 4 | 20     | (    |
|           |        |        |        |        | 0 |        | 1000 |
| Stocks    |        |        |        |        |   |        | MT)  |
+-----------+--------+--------+--------+--------+---+--------+------+
| P         | 2730   | 2730   | 4598   | 4598   | 3 | 3880   | (    |
| roduction |        |        |        |        | 8 |        | 1000 |
|           |        |        |        |        | 8 |        | MT)  |
|           |        |        |        |        | 0 |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| MY        | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| Imports   |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
+-----------+--------+--------+--------+--------+---+--------+------+
| MY Imp.   | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| from      |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| U.S.      |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| MY Imp.   | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| from      |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| the EC    |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| **TOTAL   | **     | **     | **     | **     | * | **     | (    |
| SUPPLY**  | 2772** | 2772** | 4643** | 4643** | * | 3900** | 1000 |
|           |        |        |        |        | 3 |        | MT)  |
|           |        |        |        |        | 9 |        |      |
|           |        |        |        |        | 2 |        |      |
|           |        |        |        |        | 0 |        |      |
|           |        |        |        |        | * |        |      |
|           |        |        |        |        | * |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| MY        | 1225   | 1225   | 3350   | 3450   | 2 | 2250   | (    |
| Exports   |        |        |        |        | 1 |        | 1000 |
|           |        |        |        |        | 0 |        | MT)  |
|           |        |        |        |        | 0 |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| MY Exp.   | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| to        |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| the EC    |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| I         | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| ndustrial |        |        |        |        |   |        | 1000 |
| Dom.      |        |        |        |        |   |        | MT)  |
|           |        |        |        |        |   |        |      |
| Consum    |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Food Use  | 70     | 70     | 65     | 79     | 6 | 66     | (    |
| Dom.      |        |        |        |        | 6 |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| Consump.  |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Feed      | 1432   | 1432   | 1188   | 1094   | 1 | 1533   | (    |
| Waste     |        |        |        |        | 7 |        | 1000 |
| Dom.      |        |        |        |        | 0 |        | MT)  |
|           |        |        |        |        | 3 |        |      |
| Consum.   |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Total     | 1502   | 1502   | 1253   | 1173   | 1 | 1599   | (    |
| Dom.      |        |        |        |        | 7 |        | 1000 |
|           |        |        |        |        | 6 |        | MT)  |
| Co        |        |        |        |        | 9 |        |      |
| nsumption |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Ending    | 45     | 45     | 40     | 20     | 5 | 51     | (    |
| Stocks    |        |        |        |        | 1 |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
+-----------+--------+--------+--------+--------+---+--------+------+
| **TOTAL** | **     | **     | **     | **     | * | **     | (    |
|           | 2772** | 2772** | 4643** | 4643** | * | 3900** | 1000 |
| **DISTR   |        |        |        |        | 3 |        | MT)  |
| IBUTION** |        |        |        |        | 9 |        |      |
|           |        |        |        |        | 2 |        |      |
|           |        |        |        |        | 0 |        |      |
|           |        |        |        |        | * |        |      |
|           |        |        |        |        | * |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Calendar  | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| Year      |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| Imports   |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Calendar  | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| Yr Imp.   |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| U.S.      |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Calendar  | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| Year      |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| Exports   |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+
| Calndr Yr | 0      | 0      | 0      | 0      | 0 | 0      | (    |
| Exp. to   |        |        |        |        |   |        | 1000 |
|           |        |        |        |        |   |        | MT)  |
| U.S.      |        |        |        |        |   |        |      |
+-----------+--------+--------+--------+--------+---+--------+------+

# Table 5: Commodity, Palm Oil, PSD

  --------------------- ---------- ---------- ---------- ---------- ---------- ---------- --------------
  PSD Table                                                                                

  Country:              India                                                              

  Commodity:            Oil, Palm                                                          

                                   2002                  2003                  2004       UOM

                        Old        New        Old        New        Old        New         

  Market Year Begin                10/2002               10/2003               10/2004    (MONTH/YEAR)

  Area Planted          35         35         35         35         35         35         (1000 HA)

  Area Harvested        30         30         35         35         35         35         (1000 HA)

  Trees                 0          0          0          0          0          0          (1000 TREES)

  Beginning Stocks      375        375        260        260        250        125        (1000 MT)

  Production            35         35         40         40         40         40         (1000 MT)

  MY Imports            3950       3950       3550       3450       3950       3950       (1000 MT)

  MY Imp. from U.S.     0          0          0          0          0          0          (1000 MT)

  MY Imp. from the EC   0          0          0          0          0          0          (1000 MT)

  **TOTAL SUPPLY**      **4360**   **4360**   **3850**   **3750**   **4240**   **4115**   (1000 MT)

  MY Exports            0          0          0          0          0          0          (1000 MT)

  MY Exp. to the EC     0          0          0          0          0          0          (1000 MT)

  Industrial Dom.       200        200        300        225        310        250        (1000 MT)
  Consum.                                                                                 

  Food Use Dom.         3900       3900       3300       3400       3650       3600       (1000 MT)
  Consump.                                                                                

  Feed Seed Waste       0          0          0          0          0          0          (1000 MT)
  Dm.Cn.                                                                                  

  Total Dom.            4100       4100       3600       3625       3960       3850       (1000 MT)
  Consumption                                                                             

  Ending Stocks         260        260        250        125        280        265        (1000 MT)

  **TOTAL               **4360**   **4360**   **3850**   **3750**   **4240**   **4115**   (1000 MT)
  DISTRIBUTION**                                                                          

  Calendar Year Imports 3217       3217       0          0          0          0          (1000 MT)

  Calendar Yr Imp. U.S. 0          0          0          0          0          0          (1000 MT)

  Calendar Year Exports 0          0          0          0          0          0          (1000 MT)

  Calndr Yr Exp. to     0          0          0          0          0          0          (1000 MT)
  U.S.                                                                                    
  --------------------- ---------- ---------- ---------- ---------- ---------- ---------- --------------