commodity profile of edible oil for may - 2016agricoop.gov.in/sites/default/files/edible oil...
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1 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
As on 11.05.2016
Commodity Profile of Edible Oil for May - 2016
Contents
1. Edible Oil estimates for India ( marketing year- November 2015- October 2016) ................ 2
2. Production Trend of Domestic Oilseeds ................................................................................. 2
3. Production Trend of Domestic Edible Oils ............................................................................ 3
4. Global Production Trend of Major Edible Oils ...................................................................... 3
Groundnut oil,Mustrad oil, Sunflower oil, Soyabean oil ...................................................... 3
5. Major Exporting and Importing Countries of Edible Oils ...................................................... 5
Groundnut oil,Mustrad oil, Sunflower oil, Soyabean oil ....................................................... 5
6. India’s import of major edible oils ..................................................................................... 10
7. India’s top import sources of Palm, Soya and Sunflower Oils ............................................. 10
8. Movement of Domestic and International major Edible Oils Prices .................................... 11
9. Domestic future prices of Soya bean and Palm oil……………………………………..…13
10. International future prices of Soya bean and Palmoil…………...…..……………………14
11. Trade Policy .......................................................................................................................... 14
11.1 Import Policy ................................................................................................................. 14
11.2 Export Policy ................................................................................................................. 17
11.3 Bound Duty, Standard Duty and Current Applied Duty ............................................... 18
2 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
1. Edible Oil estimates for India (marketing year- November 2015- October 2016)
(Unit: Million Tonnes)
Table 1:Production, Stocks, Trade and Availability of Edible Oils
2014-15 2015-16
Estimates*
Mar,2016 Source
9.80 9.54 Production - DVVOF
14.35 11.96 Imports 6.59** DOC
24.15 21.50 Availability -
0.59 0.55 Export and Industrial use - DVVOF
23.56 20.95 Total Available for domestic
consumption
-
Source: Directorate of Vanaspati, Vegetable oil and Fats (DVVOF) and Department of Commerce
*For 2015-16 estimates, production and export & industrial use as estimated by Directorate of Vanaspati, Vegetable oil
and Fats (DVVOF) and import is last 3 years average from DGCI&S, Kolkata.
**Figure of import is for the period Nov-Mar, 2015-16.
Availability: Domestic production plus Imports; Total Availability for Domestic Consumption: Availability minus
export and Industrial use.
The estimated figure indicates that domestic production (i.e 9.54 million MT) of edible oils in
2015-16 may be less than that of actual production (i.e 9.80 million MT) in 2014-15.
2. Production Trend of Domestic Oilseeds
Source: Directorate of Economics and Statistics
India’s Soybean production has increased in the last 10 years at CAGR of 1 percent.
Production of Groundnut increased substantially from 4.70 million 2012-13 to 7.4 million
tonnes 2014-15 showing a growth of about 57%. However, production is estimated to be
at 6.89 million tons in 2015-16.
0
2
4
6
8
10
12
14
16
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Mill
ion
To
nn
es
Figure 1: Production Trend of Domestic Oilseeds
Groundnut Rapeseed Soyabean Sunflower
3 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
3. Production Trend of Domestic Edible Oils
Source: Directorate of Vanaspati, Vegetable oil and Fats (DVVOF)
Soybean oil production has increased in the last 10 years at CAGR of 1 percent.
Rapeseed oil production increased from 1.94 Million MT from 2014-15 to 2.11 Million
MT in 2015-16.
4. Global Production Trend of Major Edible Oils
A) Groundnut oil
Source: United States Department of Agriculture
China is expected to be the top producer followed by India and Burma in 2015-16.
India’s share in global production of Groundnut Oil in 2015-16 may be around 20
percent.
0
0.5
1
1.5
2
2.5
3
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16
Mill
ion
To
nn
es
Figure 2: Production Trend of Domestic Edible oil
Groundnut Oil Rapeseed Oil Soyabean Oil Sunflower Oil
China India Burma Nigeria Sudan Tanzania Senegal USArgentin
aBurkina
2012/13 2.686 1.18 0.27 0.263 0.15 0.133 0.115 0.095 0.074 0.055
2013/14 2.725 1.22 0.27 0.263 0.155 0.133 0.115 0.093 0.085 0.055
2014/15 2.72 1.15 0.27 0.263 0.19 0.133 0.105 0.095 0.07 0.027
2015/16 2.74 1.06 0.27 0.263 0.19 0.133 0.105 0.115 0.08 0.08
0.0
0.5
1.0
1.5
2.0
2.5
3.0
Mill
ion
To
nn
es
Figure 3: Production Trend Groundnut Oil
4 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
B) Mustard Oil
Source: United States Department of Agriculture
European Union (EU) is expected to be the top producer followed by China and Canada
in 2015-16. India may be the fourth largest producer.
India’s share in global production of mustard oil in 2015-16 may be around 9.0 percent.
C) Sunflower oil
Source: United States Department of Agriculture
Ukraine is expected to be the largest producer followed by Russia and EU in 2015-16.
India may be at the 10th
position in global producer.
India’s share in global production of sunflower oil in 2015-16 may be around 1.0 percent.
EU China Canada India Japan US Mexico RussiaPakista
nUAE
2012/13 9.424 6.045 2.95 2.35 1.055 0.573 0.58 0.416 0.395 0.264
2013/14 9.495 6.259 3.16 2.5 1.012 0.704 0.58 0.478 0.415 0.293
2014/15 10.251 6.5 3.23 2.1 1.075 0.717 0.61 0.49 0.474 0.345
2015/16 9.67 6.195 3.07 2.32 1.075 0.714 0.604 0.45 0.454 0.345
0
2
4
6
8
10
12M
illio
n T
on
ne
s
Figure 4: Production Trend Mustard Oil
Ukraine Russia EUArgentin
aTurkey China
SouthAfrica
Pakistan US India
2012/13 3.615 3.117 2.753 0.99 0.769 0.476 0.278 0.285 0.196 0.22
2013/14 4.515 3.851 2.937 1.16 0.875 0.49 0.335 0.313 0.181 0.21
2014/15 4.305 3.57 3.145 1.185 0.725 0.44 0.28 0.29 0.174 0.135
2015/16 4.179 3.69 3.02 1.14 0.663 0.42 0.324 0.255 0.213 0.135
0
1
2
3
4
5
Mill
ion
To
nn
es
Figure 5: Production Trend Sunflower Oil
5 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
D) Soybean oil
Source: United States Department of Agriculture
China, United States, Argentina and Brazil are expected to be the key producers of
Soybean oil in 2015-16.
India’s share in global production of Soybean Oil in 2015-16 may be around 3.5 percent.
5. Major Exporting and Importing Countries of Edible Oils
A. Groundnut oil
Source: Comtrade
Argentina and Brazil were the top two exporting countries of Groundnut oil in 2014-15.
India was the 5th
largest exporting country of groundnut oil in the world in 2014-15.
China USArgenti
naBrazil EU India
Paraguay
Mexico Russia Bolivia
2012/13 11.626 8.99 6.364 6.76 2.317 1.69 0.565 0.653 0.437 0.39
2013/14 12.245 9.036 7.1 7.1 2.242 1.638 0.67 0.69 0.491 0.355
2014/15 13.28 9.662 7.525 7.57 2.642 1.315 0.707 0.765 0.69 0.41
2015/16 14.23 9.804 7.86 7.59 2.755 1.63 0.783 0.78 0.71 0.43
0.002.004.006.008.00
10.0012.0014.0016.00
Mill
ion
To
nn
es
Figure 6: Production Trend Soybean Oil
Argentina Brazil Senegal Nicaragua India Belgium China FranceNetherland
sUS
2011/12 0.038 0.023 0.058 0.011 0.007 0.013 0.009 0.009 0.005 0.007
2012/13 0.058 0.038 0.014 0.015 0.020 0.012 0.008 0.008 0.002 0.009
2013/14 0.041 0.063 0.016 0.016 0.003 0.012 0.007 0.006 0.003 0.005
2014/15 0.083 0.038 0.031 0.019 0.015 0.014 0.010 0.008 0.005 0.005
0.000.010.020.030.040.050.060.070.080.09
Mill
ion
To
nn
es
Figure 7 : Major Exportng countries of Groundnut Oil
6 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
Source: Comtrade
China and Italy were the major importing country of groundnut oil in 2014-15.
B. Mustard oil
Source: Comtrade
Canada was the largest exporter of Mustard oil in the world followed by Germany and
Poland in 2014-15.
China Italy Belgium United States France Hong Kong Netherlands Germany
2011/12 0.061 0.040 0.022 0.015 0.026 0.012 0.005 0.006
2012/13 0.063 0.032 0.016 0.009 0.025 0.008 0.006 0.004
2013/14 0.061 0.034 0.019 0.019 0.019 0.007 0.008 0.004
2014/15 0.094 0.042 0.024 0.020 0.017 0.010 0.009 0.004
0.000.010.020.030.040.050.060.070.080.090.10
Mili
on
To
nn
es
Figure 8 : Major Importing Countries of Groundnut Oil
Canada Germany PolandNetherlan
dsCzech
RepublicRussia UAE UK Belgium France
2011/12 2.528 0.476 0.164 0.573 0.161 0.141 0.293 0.195 0.338 0.610
2012/13 2.692 0.792 0.170 0.415 0.333 0.191 0.268 0.224 0.300 0.292
2013/14 2.287 1.158 0.390 0.519 0.336 0.305 0.274 0.220 0.352 0.299
2014/15 2.368 0.869 0.466 0.443 0.417 0.355 0.346 0.268 0.254 0.238
0.00
0.50
1.00
1.50
2.00
2.50
3.00
Mill
ion
To
nn
es
Figure 9 : Major Exportng Countries of Mustard Oil
7 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
Source: Comtrade
The US and China were the leading importing countries of Mustard oil in the world. India
was the 7th
largest importing country in 2014-15.
C. Sunflower oil
Source: Comtrade
Ukraine and Russia were the top two global exporters of sunflower oil during 2014-15.
US ChinaNetherlan
dsBelgium Norway Germany India Sweden
CzechRepublic
Austria
2011/12 1.515 0.551 0.580 0.381 0.265 0.524 0.012 0.153 0.047 0.150
2012/13 1.427 1.176 0.597 0.327 0.315 0.207 0.102 0.181 0.050 0.131
2013/14 1.272 1.527 0.670 0.341 0.317 0.186 0.039 0.164 0.114 0.127
2014/15 1.586 0.810 0.629 0.443 0.383 0.271 0.252 0.208 0.179 0.168
0.000.200.400.600.801.001.201.401.601.80
Mill
ion
To
nn
es
Figure 10 : Major Importing Countries of Mustard Oil
Ukraine Russia Turkey HungaryNetherlan
dsFrance Argentina Bulgaria Romania Germany
2011/12 2.683 0.493 0.207 0.268 0.440 0.443 0.924 0.121 0.194 0.122
2012/13 3.577 1.467 0.272 0.304 0.423 0.440 0.804 0.132 0.141 0.144
2013/14 3.209 1.358 0.346 0.500 0.534 0.345 0.459 0.193 0.198 0.124
2014/15 4.342 1.629 0.665 0.490 0.448 0.384 0.364 0.330 0.200 0.147
0.000.501.001.502.002.503.003.504.004.505.00
Mill
ion
To
nn
es
Figure 11 : Major Exporting Countries of Sunflower Oil
8 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
Source: Comtrade
India was the largest importer of Sunflower oil followed by Turkey, Netherland and
China during 2014-15.
There is a secular increase in the importation of Sunflower oil of China.
D. Soybean oil
Source: Comtrade
Argentina was the largest exporting country in the world followed by Brazil, US, and
Paraguay during 2014-15.
India TurkeyNetherlan
dsChina Iraq Egypt Italy Spain Germany Iran
2011/12 0.713 0.470 0.353 0.072 0.156 0.263 0.204 0.219 0.323 0.098
2012/13 1.073 0.743 0.482 0.107 0.219 0.675 0.283 0.293 0.249 0.323
2013/14 1.086 0.632 0.690 0.436 0.213 0.447 0.287 0.324 0.262 0.214
2014/15 1.641 0.829 0.541 0.455 0.438 0.437 0.411 0.353 0.345 0.338
0.000.200.400.600.801.001.201.401.601.80
Mill
ion
To
nn
es
Figure 12 : Major Importing Countries of Sunflower Oil
Argentina
Brazil USParagua
ySpain
Germany
Netherlands
Bolivia RussiaMalaysi
a
2011/12 4.42 1.75 1.00 0.23 0.35 0.34 0.35 0.22 0.13 0.14
2012/13 3.78 1.76 0.95 0.12 0.59 0.43 0.39 0.26 0.15 0.14
2013/14 4.26 1.36 0.82 0.52 0.65 0.32 0.51 0.30 0.19 0.13
2014/15 4.06 1.31 0.89 0.63 0.47 0.38 0.38 0.36 0.34 0.16
0.000.501.001.502.002.503.003.504.004.505.00
Mill
ion
To
nn
es
Figure 13 : Major Exporting Countries of Soybean Oil
9 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
Source: Comtrade
India was the largest importer of soybean oil that constituted 17.55 percent of the global
import in the year 2014-15.
E. Palm oil
Source: Comtrade
Indonesia and Malaysia hold both competitive as well as comparative advantage in
exportation of Palm oil in the world.
India China AlgeriaBanglad
eshVenezue
laMorocc
oPeru
Colombia
SouthKorea
Iran
2011/12 0.939 1.143 0.484 0.878 0.412 0.415 0.315 0.238 0.301 0.633
2012/13 1.094 1.826 0.465 0.374 0.379 0.391 0.344 0.241 0.340 0.505
2013/14 1.108 1.158 0.623 0.350 0.407 0.371 0.363 0.224 0.287 0.801
2014/15 2.106 1.135 0.625 0.508 0.493 0.438 0.355 0.299 0.266 0.248
0.00
0.50
1.00
1.50
2.00
2.50
Mill
ion
To
nn
es
Figure 14 : Major Importng Countries of Soybean Oil
Indonesia Malaysia NetherlandsPapua New
GuineaGuatemala
2011/12 16.44 15.78 1.30 0.67 0.22
2012/13 18.85 15.61 1.23 0.67 0.27
2013/14 20.58 15.24 1.44 0.57 0.36
2014/15 22.89 15.14 1.39 0.56 0.40
0.00
5.00
10.00
15.00
20.00
25.00
Mill
ion
To
ns
Figure 15: Major Exporting Countries of Palm Oil
10 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
Source: Comtrade
India is the largest importer of Palm oil in the world followed by China, EU and Pakistan.
6. India’s import of major edible oils
(Million Tonnes)
Table 2:India’s Import of Major Edible Oils during 2011-12 to 2015-16
Year Soybean Oil Palm Oil Sunflower Oil
2011-12 0.8 6.5 0.8
2012-13 1.1 8.4 1.1
2013-14 1.3 7.6 1.1
2014-15 2.3 8.1 1.7
2015-16(April-Feb) 3.5 9.0 1.3
Source: Department. Of commerce
India imports substantial amount of edible oils for its domestic consumption. Among all
edible oils importation into India, Palm oil importation share is around 70-80 percent.
7. India’s top import sources of Palm, Soya and Sunflower Oils
Table 3: India’s Top Import Sources of Palm, Soya and Sunflower Oils
Edible Oils Import Source
Soybean Oil Argentina and Brazil
Palm Oil Indonesia and Malaysia
Sunflower Ukraine and Mexico Source: Department of Commerce
India ChinaNetherlan
dsPakistan Italy
Bangladesh
Spain GermanyUnited
States ofAmerica
RussianFederation
2011/12 5.973 5.912 1.754 2.017 0.964 2.095 0.589 1.134 1.088 0.631
2012/13 7.653 6.341 2.592 2.036 1.048 0.989 0.580 1.224 0.991 0.659
2013/14 8.390 5.979 2.962 2.249 1.392 1.027 0.903 1.467 1.373 0.747
2014/15 7.933 5.324 2.509 2.353 1.756 1.322 1.300 1.200 1.188 0.706
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
8.00
9.00
Mill
ion
To
nn
es
Figure 16: Major Importing Countries of Palm oil
11 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
8. Movement of Domestic and International Edible Oils Prices
I. Groundnut oil
Source: Domestic Price Agriwatch and International Price are FAO Prices.
Domestic prices of Groundnut oil are lower than that of International prices during June
2013 to April 2014 and June 2014 to December 2014.
II. Mustard oil
Source: Domestic Price Agriwatch and International Price are FAO Prices.
Domestic price of Mustard Oil is higher than that of International prices throughout the
years.
60000
70000
80000
90000
100000
110000
120000
130000
Ap
r-1
3
May
-13
Jun
-13
Jul-
13
Au
g-1
3
Sep
-13
Oct
-13
No
v-1
3
Dec
-13
Jan
-14
Feb
-14
Mar
-14
Ap
r-1
4
May
-14
Jun
-14
Jul-
14
Au
g-1
4
Sep
-14
Oct
-14
No
v-1
4
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5
May
-15
Jun
-15
Jul-
15
Au
g-1
5
Sep
-15
Oct
-15
No
v-1
5
Dec
-15
Jan
-16
Feb
-16
Mar
-16
Ap
r-1
6
Rs
pe
r To
nn
es
Figure 17: Movement of Groundnut Oil Price
Domestic (Rajkot, Refined without VAT) International (Any origin, cif Rotterdam)
40000
50000
60000
70000
80000
90000
100000
Ap
r-1
3M
ay-1
3Ju
n-1
3Ju
l-1
3A
ug-
13
Sep
-13
Oct
-13
No
v-13
Dec
-13
Jan
-14
Feb
-14
Mar
-14
Ap
r-1
4M
ay-1
4Ju
n-1
4Ju
l-1
4A
ug-
14
Sep
-14
Oct
-14
No
v-14
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5M
ay-1
5Ju
n-1
5Ju
l-1
5A
ug-
15
Sep
-15
Oct
-15
No
v-15
Dec
-15
Jan
-16
Feb
-16
Mar
-16
Ap
r-1
6
Rs
pe
r To
nn
es
Figure 18: Movement of MustardOil Price
Domestic (Kota, Expeller without VAT) International (Rape oil (Dutch, fob ex-mill)
12 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
III. Sunflower oil
Source: Domestic Price Agriwatch and International Price are CIF Ukraine origin Prices.
Domestic prices of Sunflower oil are higher that International prices throughout.
IV. Soybean oil
Source: Domestic Price Agriwatch and International Price are CIF Argentina origin Prices.
Domestic price of soybean oil are higher than International prices throughout period.
50000
55000
60000
65000
70000
75000
80000
85000
90000
Ap
r-1
3M
ay-1
3Ju
n-1
3Ju
l-1
3A
ug-
13
Sep
-13
Oct
-13
No
v-1
3D
ec-1
3Ja
n-1
4Fe
b-1
4M
ar-1
4A
pr-
14
May
-14
Jun
-14
Jul-
14
Au
g-1
4Se
p-1
4O
ct-1
4N
ov-
14
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5M
ay-1
5Ju
n-1
5Ju
l-1
5A
ug-
15
Sep
-15
Oct
-15
No
v-1
5D
ec-1
5Ja
n-1
6Fe
b-1
6M
ar-1
6A
pr-
16
Rs
pe
r To
nn
es
Figure 19: Movement of Sunflower Oil Price
Domestic (Chennai, Refined & Expeller with VAT) International Sun oil (CIF Ukraine Origin)
40000
45000
50000
55000
60000
65000
70000
75000
Ap
r-1
3M
ay-1
3Ju
n-1
3Ju
l-1
3A
ug-
13
Sep
-13
Oct
-13
No
v-1
3D
ec-1
3Ja
n-1
4Fe
b-1
4M
ar-1
4A
pr-
14
May
-14
Jun
-14
Jul-
14
Au
g-1
4Se
p-1
4O
ct-1
4N
ov-
14
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5M
ay-1
5Ju
n-1
5Ju
l-1
5A
ug-
15
Sep
-15
Oct
-15
No
v-1
5D
ec-1
5Ja
n-1
6Fe
b-1
6M
ar-1
6A
pr-
16
Rs
pe
r To
nn
es
Figure 20: Movement of SoybeanOil Price
Domestic (Indore, Refined without VAT) International(Soya oil CIF Argentina origin)
13 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
V. Palm oil
Source: International landing Price at Kandla, Agriwatch.
International price of palm oils are showing increasing trend from November 2015.
9. Domestic future prices of Soya bean and Palm oil
Unit: Rs/Quintal
Table – 4: Soya bean oil future prices
Contract
Month
As on
05.05.16
Week
ago
28.04.16
Month ago
5.04.16
3 Months ago
05.02.15
6 Months
ago
05.11.15
Year
ago
05.05.15
% Change over
previous year
May-16 6390 6490 6574 6130.5 6246 5936.5 7.64
June-16 6504 6586 6592 6130 6186 5959 9.15
July-16 6512.5 6582 6610 6119.5 6139 5869.5 10.95
Aug-16 6510 6578.5 6627 6131.5 - 6024.5 8.06 Source: National Commodity & Derivatives Exchange Limited
Domestic future price for Crude Soya bean oil is expected to increase over the previous year.
Unit: Rs/Quintal
Table – 5: Crude Palm oil future prices
Contract
Month
As on
05.05.16
Week ago
28.04.16
Month ago
05.04.16
3 Months
ago 05.2.16
6 Months
ago
05.11.15
Year ago
05.05.15
% Chang
over 6
months
May-16 5485 5486 5550 4700 4250 - 29.06
June-16 5333 5395 5588 4695 4250 - 25.48
July -16 5333 5395 5588 4695 4250 - 25.48 Source:Multi Commodity Exchange of India Ltd
Domestic future price for Crude Palm oil is expected to increase over the six months.
30000
35000
40000
45000
50000
55000
60000
Ap
r-1
3M
ay-1
3Ju
n-1
3Ju
l-1
3A
ug-
13
Sep
-13
Oct
-13
No
v-1
3D
ec-1
3Ja
n-1
4Fe
b-1
4M
ar-1
4A
pr-
14
May
-14
Jun
-14
Jul-
14
Au
g-1
4Se
p-1
4O
ct-1
4N
ov-
14
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5M
ay-1
5Ju
n-1
5Ju
l-1
5A
ug-
15
Sep
-15
Oct
-15
No
v-1
5D
ec-1
5Ja
n-1
6Fe
b-1
6M
ar-1
6A
pr-
16
Rs
pe
r To
nn
es
Figure 21: Movement of Palm Oil Price
Palm oil International prices at Kandla, Crude 5% FFA
14 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
10. International future prices of Soya bean and Crude Palm Oil
Unit: USD/Tonnes
Table – 6: Soya bean oil future prices
Contract
Month
As on
05.05.16
Week ago
28.04.16
Month ago
05.04.16
3 Months
ago
05.02.16
6 Months
ago
05.11.15
Year ago
05.05.15
% Change
over
previous
year
May -16 705.69 728.62 749.34 693.79 628.75 724.87 -2.65
Jul -16 711.2 733.47 755.08 698.86 632.94 728.62 -2.39
Aug-16 713.85 735.9 757.28 699.52 634.7 728.84 -2.06
Sept-16 716.94 738.76 759.71 700.18 635.59 729.06 -1.66
Oct-16 719.8 741.19 761.03 699.52 635.37 728.18 -1.15
Dec-16 725.31 745.82 764.56 700.4 613.54 731.27 -0.81
International future prices of Soya bean are expected to decrease over the last year.
Unit: USD/Tonnes
Table – 7: Palm oil future prices
Contract
Month
As on
06.05.16
Week ago
29.04.16
Month ago
06.04.16
3 Months
ago
06.02.15
6 Months
ago
06.11.15
Year ago
06.05.15
% Change
over
previous
year
May -16 657.76 658.47 689.58 621.42 567.91 623.53 5.49
Jul -16 657.51 664.1 690.6 608.66 567.91 631.65 4.09
Sept-16 645.28 656.16 672.2 599.28 566.52 613.17 5.24
Nov-16 638.29 649.5 656.62 596.87 515.44 610.92 4.48
International future prices of Palm oil are expected to increase over the last year.
11. Trade Policy
11.1 Import Policy
Table-8: Import Policy
HS Code Item Description Policy
Conditions
Remarks
1507 Soya-bean oil and its fractions, whether or not
refined, but not chemically modified
1507 10 00 Crude, whether or not degummed Free
1507 90 Other:
1507 90 10 Edible grade Free
1507 90 90 Other Free
1508 Groundnut Oil and its fractions, whether or not
refined but not chemically modified
1508 10 00 Crude Free
1508 90 Other:
1508 90 10 Deodorized (Salad Oil) Free
Other :
1508 90 91 Edible Grade Free
1508 90 99 Other Free
1509 Olive Oil and its fractions, whether or not refined
but not chemically modified
1509 10 00 Virgin Free
15 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
1509 90 Other:
1509 90 10 Edible grade Free
1509 90 90 Other Free
1510 Other Oils and their fractions, obtained, solely from
olives, whether or not refined, but not chemically
modified, including blends of these oils or fractions
with oils or fractions of heading 1509
1510 00 10 Crude oil Free
1510 00 91 Edible Grade Free
1510 00 99 Other Free
1511 Palm Oil and its fractions, whether or not refined,
but not chemically modified
1511 10 00 Crude Free Import not permitted through
any port in Kerala.
1511 90 Other:
1511 90 10 Refined bleached deodorised palm oil Free Import not permitted through
any port in Kerala.
1511 90 20 Refined bleached deodorized palmolein Free Import not permitted through
any port in Kerala.
1511 90 90 Other Free Import not permitted through
any port in Kerala.
1512 Sunflower Seed, Safflower or Cotton Seed Oil and
their fractions thereof, whether or not refined, but
not chemically modified
Sunflower Seed or Safflower Oil and fractions
thereof :
1512 11 Crude Oil:
1512 11 10 Sunflower Seed Oil Free
1512 11 20 Safflower Seed Oil (Kardi Seed Oil) Free
1512 19 Other:
1512 19 10 Sunflower oil, edible grade Free
1512 19 20 Sunflower oil, non-edible grade(other than crude
oil)
Free
1512 19 30 Saffola oil, edible grade Free
1512 19 40 Saffola oil, non-edible grade Free
1512 19 90 Other Free
Cotton Seed Oil and its fractions:
1512 21 00 Crude Oil, whether or not gossypol has been
removed
Free
1512 29 Other:
1512 29 10 Edible grade Free
1512 29 90 Other Free
1513 Coconut (Copra), Palm Kernel or Babassu oil and
fractions thereof, whether or not refined, but not
chemically modified
Coconut (Copra) oil and its fractions:
1513 11 00 Crude oil Import allowed through STC
subject to para 2.11 of Foreign
Trade Policy.
1513 19 00 Other Import allowed through STC
subject to para 2.11 of Foreign
Trade Policy.
Palm Kernel or Babassu oil and fractions thereof:
1513 21 Crude Oil:
1513 21 10 Palm Kernel Oil Free Import not permitted through
any port in Kerala.
1513 29 Other:
1513 29 10 Palm Kernel Oil and its fractions Free Import not permitted through
any port in Kerala.
1513 29 20 Babassu Oil and fractions edible grade Free
1513 29 30 Babassu Oil and fractions, other than edible grade Free
1513 29 90 Other Free
16 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
1514 Rape, Colza or Mustard oil and its fractions thereof,
whether or not refined , but not chemically modified
Low erucic acid rape or colza oil and its factions:
1514 11 Crude oil:
1514 11 10 Colza Oil Free
1514 11 20 Rape Oil Free
1514 11 90 Other Free
1514 19 Other:
1514 19 10 Refined colza oil of edible grade Free
1514 19 20 Refined mustard oil of edible grade Free
1514 19 90 Other Free
Other:
1514 91 Crude oil:
1514 91 10 Colza Oil Free
1514 91 20 Mustard Oil Free
1514 91 90 Rapeseed Oil Free
1514 99 Other:
1514 99 10 Refined colza oil of edible grade Free
1514 99 20 Refined mustard oil of edible grade Free
1514 99 30 Refined rapeseed oil of edible Free
1514 99 90 Other Free
1515 Other fixed vegetable fats and Oils (including
Jojoba oil) and their fractions, whether or not
refined, but not chemically modified
Linseed Oil and its fractions :
1515 11 00 Crude Oil Free
1515 19 Other:
1515 19 10 Edible grade Free
1515 19 90 Other Free
Maize (Corn) Oil and its fractions:
1515 21 00 Crude oil Free
1515 29 Other:
1515 29 10 Edible grade Free
1515 29 90 Other Free
1515 30 Castor Oil and its fractions:
1515 30 10 Edible grade Free
1515 30 90 Other Free
1515 50 Seasame oil and its fractions:
1515 50 10 Crude oil Free
Other:
1515 50 91 Edible grade Free
1515 50 99 Other Free
1515 90 Other:
1515 90 10 Fixed vegetable oils, namely the
following:Chulmoogra oil, Mawra oil, Kokam oil,
Tabacco seed Oil, Sal Oil
Free
1515 90 20 Fixed vegetable Oils, namely the following: Neem
Seed Oil, Karanj Oil, Silk cotton Seed Oil, Khakhon
Oil, Water Melon Oil, Kusum Oil, Rubber seed Oil,
Dhup Oil, Undi Oil, Maroti Oil, Pisa Oil, Nahar Oil
Free
1515 90 30 Fixed Vegetable Oils, namely the following :
Cardamom Oil, Chillies/ Capsicum Oil, Turmeric
Oil, Ajwain Seed Oil, Niger Seed Oil, Garlic Oil
Free
1515 90 40 Fixed Vegetable Oils of edible grade namely:
Mango Kernel Oil, Mahua Oil, Rice bran Oil
Free
Other:
1515 90 91 Edible grade Free
1515 90 99 Other Free
1516 Animal or Vegetable fats and oils and their
fractions, partly or wholly hydrogenated, inter-
esterified, re-esterified or eladlnised, whether or not
17 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
refined, but not further prepared
1516 10 00 Animal fats and oils and their fractions Prohibited Not permitted to be imported
1516 20 Vegetable fats and oils and their fractions:
Cotton Seed oil :
1516 20 11 Edible grade Free
1516 20 19 Other Free
Ground nut oil:
1516 20 21 Edible grade Free
1516 20 29 Other Free
Hydrogenated Castor oil (opal wax):
1516 20 31 Edible grade Free
1516 20 39 Other Free
Other:
1516 20 91 Edible grade Free
1516 20 99 Other Free
Source: Directorate General of Foreign Trade(DGFT)
11.2 Export Policy
At present, export of edible oils is prohibition*. The following exemptions are permitted from the
prohibition on export of edible oils:
a) Castor oil
b) Coconut oil from all EDI Ports and through all Land Custom Stations (LCS) on Indo-Nepal, Indo-
Bangladesh, Indo-Bhutan and Indo-Pakistan borders.
c) Deemed export of edible oils(as input raw material) from DTA to 100% EOUs for production of
non-edible goods to be exported
d) Edible oils from Domestic Tariff Area (DTA) to Special Economic Zones (SEZs) to be consumed by
SEZ units for manufacture of processed food products, subject to applicable value addition norms
e) Edible oils produced out of minor forest produce, ITC (HS) Code 15159010, 15159020, 15159030,
15159040, 15179010 and 15219020.
f) 10,000 MTs of Organic edible oils per annum. The conditions notified in Notification No. 50 dated
03.06.2011 for export of organic edible oils will continue to apply.
g) Rice Bran oil in bulk.**
*i) DGFT’s Notification No 22 (RE – 2013)/2009-2014 dated 18 June, 2013)
ii) Export of edible oils in branded consumer packs of upto 5 Kgs is permitted with a Minimum Export Price
of USD 900 per MT(vide DGFT’s Notification No. 108 (RE–2013)/2009-14dated6th Feb, 2015)
iii) The prohibition will not apply to export of Peanut Butter, ITC (HS) Code 15179020.
(Source: DGFT)
** iv) Bulk export of rice bran oil is allowed vide DGFT’s notification no. 17/2015-20 dt 6th Aug 2015.
18 | C o m m o d i t y P r o f i l e o f E d i b l e O i l f o r M a y - 2 0 1 6
11.3 Bound Duty, Standard Duty and Current Applied Duty
Table 9: Bound Duty, Standard Duty and Current Applied Duty
HS Code Description Bound Duty Standard Duty Current Applied Duty#
15071000 Soya- bean Crude Oil 45 45 12.5
15079010 Soya- bean Edible grade 45 45 20
15081000 Groundnut oil crude 300 100 12.5
15089091 Groundnut edible Grade 300 100 20
15091000 Olive oil virgin 45 45 12.5
15099010 Olive Edible grade 40 40 20
15111000 Palm Crude Oil 300 100 12.5
151190 Other refined palm oil 300 100 20
151211 Crude sunflower-seed or
safflower oil
300 100 12.5
15121910 Sunflower oil edible
Grade
300 100 20
15131100 Crude coconut oil 300 100 12.5
15131900 Other coconut oil 300 100 20
15141120 Low erucic rape oil 75 75 12.5
15141910 Refined colza oil of edible
grade
75 75 20
15149120 Crude mustard oil 75 75 12.5
15149920 Refined mustard oil 75 75 20
15149920 Refined rapeseed oil of
edible grade
75 75 20
Source: DGFT, Department of Revenue, Government of India and World Trade Organisation (WTO)
# applied duty on crude edible oil has been increased from 7.5% to 12.5% and on refined edible oil from 15% to 20%
by Department of Revenue vide Notification No. 46/2014-Customs dated 17.09.2015.