Post on 06-Dec-2015
description
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 A u g u s t - 2 0 1 5
As on 17.08.2015
Commodity Profile of Edible Oil for August - 2015
Contents
1. Edible Oil estimates for India ( marketing year- November 2014- October 2015) ................ 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 Palm oil…………...…..……………………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 A u g u s t - 2 0 1 5
1. Edible Oil estimates for India (marketing year- November 2014- October 2015)
(Unit: Million Tonnes)
Table 1:Production, Stocks, Trade and Availability of Edible Oils
2013-14 2014-15
Estimates*
June,2015 Source
10.79 9.74 Production - DVVOF
10.94 10.94 Imports 8.82** DOC
21.73 20.68 Availability -
0.71 0.59 Export and Industrial use - DVVOF
21.02 20.09 Total Available for domestic
consumption
-
Source: Directorate of Vanaspati, Vegetable oil and Fats (DVVOF) and Department of Commerce
* For 2014-15 estimates, production and export & industrial use are taken from Directorate of Vanaspati, Vegetable oil
and Fats (DVVOF) and import as last year.
**Figure of import is for the period Nov-June, 2014-15.
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 7.91 million MT) of edible oils in
2014-15 may be less than that of the actual production (i.e, 8.08 million MT) in 2013-14.
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 4.54 percent.
Production of Groundnut increased substantially from 4.60 million tons in 2012-13 to
9.67 million tonnes 2013-14 showing a growth of about 110%. However, production is
estimated to be at 6.65 million tons in 2014-15.
0
2
4
6
8
10
12
14
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 A u g u s t - 2 0 1 5
3. Production Trend of Domestic Edible Oils
Source: Directorate of Economic and Statistics
Soybean oil production has increased in the last 10 years at CAGR of 5.67 percent.
Production of Rapeseed oil has increased in the last 10 years at CAGR of 0.46 percent.
4. Global Production Trend of Major Edible Oils
A) Groundnut oil
Source: United States Department of Agriculture
China is the top producer followed by India and Burma in 2014-15.
India’s share in global production of Groundnut Oil in 2014-15 was 26.22 percent.
0
0.5
1
1.5
2
2.5
3M
lillio
n T
on
ne
s
Figure 2: Production Trend of Domestic Edible Oils
Groundnut Oil Rapeseed Oil Soyabean Oil Sunflower Oil
China India Burma Nigeria SudanTanzani
aSenegal
Argentin
a
United
StatesBurkina
2011/12 2.532 1.16 0.25 0.28 0.15 0.117 0.117 0.061 0.085 0.055
2012/13 2.686 1.18 0.27 0.263 0.15 0.133 0.115 0.074 0.095 0.055
2013/14 2.725 1.22 0.27 0.263 0.155 0.133 0.115 0.085 0.093 0.055
2014/15 2.76 1.4 0.27 0.263 0.155 0.133 0.115 0.094 0.093 0.055
0
0.5
1
1.5
2
2.5
3
Mil
lio
n T
on
nes
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 A u g u s t - 2 0 1 5
B) Mustard Oil
Source: United States Department of Agriculture
European Union (EU) is the top producer followed by China and Canada in 2014-15.
India is the fourth largest producer.
India’s share in global production of mustard oil in 2014-15 was 10.40 percent.
C) Sunflower oil
Source: United States Department of Agriculture
Ukraine is the largest producer followed by Russia and EU in 2014-15. India is the 9th
largest producer.
India’s share in global production of sunflower oil in 2014-15 was 1.37 percent.
EU China Canada India Japan US Mexico Russia Pakistan UAE
2011/12 8.98 5.725 3.07 2.2 1 0.507 0.608 0.374 0.48 0.345
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 9.546 6.08 3.23 2.6 1.012 0.715 0.6 0.488 0.415 0.293
0
2
4
6
8
10
12
Mill
ion
To
nn
es
Figure 4: Production Trend of Mustard Oil
Ukraine Russia EUArgentin
aTurkey China
SouthAfrica
Pakistan IndiaUnitedStates
2011/12 3.933 3.552 2.937 1.565 0.718 0.348 0.272 0.34 0.205 0.149
2012/13 3.615 3.117 2.753 0.99 0.769 0.476 0.278 0.285 0.22 0.196
2013/14 4.515 3.851 2.937 1.16 0.875 0.49 0.335 0.313 0.21 0.181
2014/15 4.175 3.92 2.926 1.18 0.867 0.455 0.335 0.33 0.2 0.172
0
1
2
3
4
5
Mill
ion
To
nn
es
Figure 5: Production Trend of 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 A u g u s t - 2 0 1 5
D) Soybean oil
Source: United States Department of Agriculture
China, United States, Argentina and Brazil are the key producers of Soybean oil in 2014-
15.
India’s share in global production of Soybean Oil in 2014-15 is around 4.13 percent.
5. Major Exporting and Importing Countries of Edible Oils
A. Groundnut oil
Source: United States Department of Agriculture
Argentina and Brazil are the top two exporting countries of Groundnut oil in 2014-15.
India is the 8th
largest exporting country of groundnut oil in the world.
China USArgenti
naBrazil EU India Mexico
Paragua
yRussia Bolivia
2011/12 10.914 8.954 6.839 7.31 2.226 1.71 0.657 0.172 0.43 0.355
2012/13 11.626 8.99 6.364 6.76 2.317 1.69 0.653 0.565 0.437 0.39
2013/14 12.245 9.036 7.1 7.1 2.242 1.638 0.69 0.67 0.491 0.355
2014/15 12.985 8.985 7.6 7.12 2.283 1.78 0.71 0.708 0.501 0.375
02468
101214
Mil
lio
n T
on
nes
Figure 6: Production Trend of Soybean Oil
Argenti
naBrazil US Mali Senegal China Sudan India
Gambia
, TheNigeria
2011/12 0.055 0.038 0.007 0.019 0.018 0.009 0.005 0.02 0.005 0.003
2012/13 0.069 0.063 0.006 0.019 0.015 0.006 0.005 0.004 0.005 0.003
2013/14 0.074 0.045 0.003 0.019 0.015 0.01 0.005 0.004 0.005 0.003
2014/15 0.083 0.036 0.019 0.019 0.015 0.01 0.005 0.005 0.005 0.003
00.010.020.030.040.050.060.070.080.09
Mil
lio
n T
on
nes
Figure 7: Major Exporting 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 A u g u s t - 2 0 1 5
Source: United States Department of Agriculture
EU and China are the major importing bloc/country of groundnut oil in 2014-15.
B. Mustard oil
Source: United States Department of Agriculture
Canada is the largest exporter of Mustard oil in the world followed by EU and Russia.
EU China USHong
Kong
Switzerlan
dNigeria Malaysia Japan
2011/12 0.067 0.062 0.013 0.008 0.005 0.001 0.001 0.001
2012/13 0.066 0.065 0.005 0.012 0.005 0.001 0.001 0.001
2013/14 0.08 0.05 0.018 0.012 0.005 0.001 0.001 0.001
2014/15 0.084 0.05 0.016 0.012 0.005 0.001 0.001 0
0
0.01
0.02
0.03
0.04
0.05
0.06
0.07
0.08
0.09
Mil
lio
n T
on
nes
Figure 8: Major Importing Countries of Groundnut Oil
Canada EU Russia UAE US BelarusAustrali
aUkraine
Paragua
y
Hong
Kong
2011/12 2.676 0.23 0.226 0.318 0.301 0.046 0.112 0.014 0.012 0.013
2012/13 2.516 0.445 0.203 0.272 0.215 0.104 0.129 0.004 0.013 0.014
2013/14 2.5 0.38 0.3 0.265 0.136 0.12 0.115 0.058 0.013 0.014
2014/15 2.66 0.4 0.28 0.263 0.2 0.13 0.115 0.05 0.014 0.014
0
0.5
1
1.5
2
2.5
3
Mil
lio
n T
on
nes
Figure 9: Major Exporting 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 A u g u s t - 2 0 1 5
Source: United States Department of Agriculture
The US and China are the leading importing countries of Mustard oil in the world. India
is the 9th largest importing country in 2014-15.
C. Sunflower oil
Source: United States Department of Agriculture
Ukraine and Russia are the top two global exporters of sunflower oil during 2014-15.
US China Norway EUKorea,
SouthCanada Chile Mexico India
Hong
Kong
2011/12 1.492 1.036 0.315 0.607 0.103 0.092 0.044 0.048 0.098 0.054
2012/13 1.252 1.598 0.314 0.21 0.082 0.17 0.045 0.042 0.008 0.045
2013/14 1.475 1.3 0.35 0.3 0.1 0.08 0.065 0.055 0.1 0.045
2014/15 1.7 1.4 0.35 0.3 0.1 0.08 0.06 0.057 0.05 0.047
00.20.40.60.8
11.21.41.61.8
Mill
ion
To
nn
es
Figure 10: Major Importing Countries of Mustard Oil
Ukraine RussiaArgenti
naTurkey EU Bolivia Serbia
Moldov
a
South
AfricaMexico
2011/12 3.263 1.427 0.79 0.271 0.208 0.083 0.094 0.076 0.042 0.033
2012/13 3.245 0.942 0.35 0.289 0.239 0.07 0.096 0.033 0.031 0.032
2013/14 3.76 1.55 0.52 0.43 0.27 0.08 0.075 0.05 0.04 0.026
2014/15 3.7 1.65 0.5 0.4 0.22 0.1 0.08 0.06 0.04 0.026
00.5
11.5
22.5
33.5
4
Mil
lio
n T
on
nes
Figure 11: Major Exporting Countries of Sunflower Oils
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 A u g u s t - 2 0 1 5
Source: United States Department of Agriculture
India is the largest importer of Sunflower oil followed by EU, Egypt, and Turkey during
2014-15.
There is a secular increase in the importation of Sunflower oil of China.
D. Soybean oil
Source: United States Department of Agriculture
Argentina is the largest exporting country in the world followed by Brazil, EU, and the
US during 2014-15.
India EU Egypt Turkey China Iran Iraq AlgeriaUzbeki
stanBelarus
2011/12 1.114 0.991 0.94 0.651 0.122 0.333 0.216 0.229 0.123 0.098
2012/13 0.939 0.942 0.62 0.657 0.362 0.163 0.197 0.048 0.111 0.097
2013/14 1.3 1 0.8 0.75 0.45 0.3 0.3 0.2 0.13 0.11
2014/15 1.4 0.95 0.9 0.68 0.5 0.35 0.3 0.21 0.12 0.115
00.20.40.60.8
11.21.41.6
Mil
lio
n T
on
nes
Figure 12: Major Importing Countries of Sunflower Oil
Argenti
naBrazil EU US
Paragua
yBolivia Russia
Malaysi
aCanada Ukraine
2011/12 3.794 1.885 0.741 0.664 0.127 0.224 0.142 0.157 0.073 0.053
2012/13 4.244 1.251 1.013 0.982 0.558 0.26 0.129 0.13 0.103 0.068
2013/14 4.42 1.4 0.8 0.794 0.615 0.26 0.27 0.133 0.1 0.09
2014/15 4.72 1.3 0.8 0.771 0.65 0.26 0.21 0.134 0.11 0.09
00.5
11.5
22.5
33.5
44.5
5
Mil
lio
n T
on
nes
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 A u g u s t - 2 0 1 5
Source: United States Department of Agriculture
India is the largest importer of soybean oil that constituted 17.55 percent of the global
import in the year 2014-15.
E. Palm oil
Source: United States Department of Agriculture
Indonesia and Malaysia hold both competitive as well as comparative advantage in
exportation of Palm oil in the world.
India China Iran AlgeriaVenezu
elaPeru
Morocc
o
Bangla
desh
Korea,
SouthEgypt
2011/12 1.174 1.502 0.411 0.438 0.415 0.344 0.367 0.42 0.343 0
2012/13 1.086 1.409 0.543 0.575 0.374 0.363 0.364 0.397 0.3 0.324
2013/14 1.55 1.28 0.63 0.585 0.4 0.37 0.4 0.355 0.35 0.325
2014/15 1.65 1.35 0.65 0.6 0.42 0.38 0.375 0.37 0.35 0.325
00.20.40.60.8
11.21.41.61.8
Mil
lio
n T
on
nes
Figure 14: Major Importing Countries of Soybean Oil
Indonesia Malaysia Papua New
Guinea Thailand Benin
2011/12 18.45 17.59 0.59 0.29 0.25
2012/13 20.37 18.52 0.56 0.55 0.43
2013/14 20.40 17.30 0.64 0.55 0.39
2014/15 22.00 17.70 0.64 0.58 0.39
0.00
5.00
10.00
15.00
20.00
25.00
Mil
lio
n T
on
nes
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 A u g u s t - 2 0 1 5
Source: United States Department of Agriculture
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-May) 0.4 1.5 0.2
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 China European
Union
Pakistan United
StatesBanglade
sh
Egypt Iran
2011/12 7.5 5.8 5.7 2.2 1.0 1.0 1.4 0.6
2012/13 8.3 6.6 6.8 2.2 1.3 1.0 1.0 0.7
2013/14 8.3 6.3 6.2 2.5 1.4 1.1 1.4 0.7
2014/15 8.8 6.6 6.3 2.7 1.4 1.3 1.3 0.8
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
10.0M
illi
on
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 A u g u s t - 2 0 1 5
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 July
2013 to April 2014 and June 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.
Since April 2015, the domestic price as well as international prices are showing
increasing trend.
60000
70000
80000
90000
100000
110000
120000
130000A
pr-
13
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
Rs
pe
r To
nn
es
Figure 17: Movement of Groundnut Oil Price
Domestic (Rajkot, Refined without VAT) International (Any origin, cif Rotterdam)
40000450005000055000600006500070000750008000085000
Ap
r-1
3
May
-13
Jun
-13
Jul-
13
Au
g-1
3
Sep
-13
Oct
-13
No
v-13
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-14
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5
May
-15
Jun
-15
Jul-
15
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 A u g u s t - 2 0 1 5
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 prices of soybean oil are higher than International prices throughout period.
50000
55000
60000
65000
70000
75000
80000
85000
90000
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
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
3
May
-13
Jun
-13
Jul-
13
Au
g-1
3
Sep
-13
Oct
-13
No
v-13
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-14
Dec
-14
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5
May
-15
Jun
-15
Jul-
15
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 A u g u s t - 2 0 1 5
V. Palm oil
Source: International landing Price at Kandla, Agriwatch.
International price of palm oils are showing mixed trend from December 2014.
9. Domestic future prices of Soya bean and Palm oil
Unit: Rs/Quintal
Table – 4: Soya bean oil future prices
Contract
Month
As on
13.08.15
Week ago
6.08.15
Month ago
13.07.15
3 Months
ago
13.05.15
6 Months
ago
13.02.15
Year ago
13.08.14
% Change
over
previous
year
Aug-15 5788.5 5662.5 5836.0 6028.0 6191.0 6660.0 -15.06
Oct-15 5607.5 5533.5 5697.0 5929.0 6048.0 6576.0 -17.27
Nov-15 5515.5 5450.0 5670.0 5889.0 5868.5 6102.0 -10.71
Dec-15 5486.0 2405.0 5672.0 5888.5 5844.0 6052.0 -10.32 Source: National Commodity & Derivatives Exchange Limited
Future price for Soya bean oil is expected to decrease over the previous year.
Unit: Rs/ Quintal
Table – 5: Crude Palm oil future prices
Contract
Month
As on
13.08.15
Week ago
6.08.15
Month ago
13.07.15
3 Months
ago
13.05.15
6 Months
ago
13.02.15
Year ago
13.08.14
% Chang
over
previous
year
Aug-15 3935.0 4016.0 4336.0 4533.0 4635.0 4880.0 -24.02
Oct-15 3970.0 4022.0 4334.0 4541.0 4700.0 4818.0 -21.36
Nov-15 4022.0 4041.0 4345.0 − 4734.0 4802.0 -19.39 Source: Multi Commodity Exchange of India Ltd
Future price for Crude Palm bean oil is expected to decrease over the previous year.
30000
35000
40000
45000
50000
55000
60000
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
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 A u g u s t - 2 0 1 5
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
13.08.15
Week ago
6.08.15
Month ago
13.07.15
3 Months
ago
13.05.15
6 Months
ago
13.02.15
Year ago
13.08.14
% Chang
over
previous
year
Aug-15 637.36 653.89 721.79 733.48 723.34 748.47 -17.43
Oct-15 639.12 655.87 724.00 734.36 722.23 749.13 -17.21
Nov-15 641.54 658.30 726.20 734.58 716.94 750.67 -17.01
Dec-15 646.17 662.93 731.93 738.33 716.72 756.63 -17.09
Jan-16 652.35 668.44 735.90 734.58 721.57 762.36 -16.86
Mar-16 656.98 672.41 736.78 735.46 714.30 768.97 -17.05
May-16 659.62 674.83 734.58 729.95 718.49 775.14 -17.51
Jul-16 662.49 677.48 719.81 732.82 722.23 779.99 -17.74
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
13.08.15
Week ago
6.08.15
Month ago
13.07.15
3 Months
ago
13.05.15
6 Months
ago
13.02.15
Year ago
13.08.14
% Chang
over
previous
year
Aug-15 502.01 510.03 551.88 553.88 569.17 538.85 -7.34
Oct-15 508.02 511.28 551.63 552.88 572.68 534.59 -5.23
Nov-15 513.28 514.29 552.63 553.13 573.18 534.84 -4.2
Dec-15 521.80 519.80 556.14 553.63 570.43 539.10 -3.31
Jan-16 532.58 527.32 575.94 555.39 564.16 545.11 -2.35
Mar-16 547.12 540.85 586.72 557.64 551.88 550.13 -0.55
May-16 557.89 549.87 597.49 566.92 549.37 552.63 0.94
Jul-16 557.89 550.63 601.25 575.44 555.39 553.13 0.85
International future prices of Palm oil are expected to decrease 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
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 A u g u s t - 2 0 1 5
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
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 deodorised 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:
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 A u g u s t - 2 0 1 5
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
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:Chul
moogra 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
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 A u g u s t - 2 0 1 5
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
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)/2009-14 dated 6th 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 A u g u s t - 2 0 1 5
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 7.5
15079010 Soya- bean Edible grade 45 45 15.0
15081000 Groundnut oil crude 300 100 7.5
15089091 Groundnut edible Grade 300 100 15.0
15091000 Olive oil virgin 45 45 7.5
15099010 Olive Edible grade 40 40 15.0
15111000 Palm Crude Oil 300 100 7.5
151190 Other refined palm oil 300 100 15.0
151211 Crude sunflower-seed or
safflower oil
300 100 7.5
15121910 Sunflower oil edible
Grade
300 100 15.0
15131100 Crude coconut oil 300 100 7.5
15131900 Other coconut oil 300 100 15
15141120 Low erucic rape oil 75 75 7.5
15141910 Refined colza oil of edible
grade
75 75 15.0
15149920 Refined rapeseed oil of
edible grade
75 75 15.0
Source: DGFT, Department of Revenue, Government of India and World Trade Organisation (WTO)
# applied duty on crude edible oil has been increased from 2.5% to 7.5% and on refined edible oil from 10% to 15% by
Department of Revenue vide Notification No. 34/2014-Customs dated 24.12.2014.