As we look at our performance in 2024, I am pleased to share some encouraging developments. The Groundnut export sector has registered a remarkable growth of 13.98% in quantity during the period from April to November 2024 compared to the same period last year. This is a significant achievement, reflecting the continued global demand for Indian Groundnuts. Major markets such as Indonesia, Philippines, and Thailand have shown strong growth. However, we are also seeing challenges in certain regions, particularly UAE and Vietnam, which have faced negative growth, primarily due to increased competition from African countries. On a positive note, Iraq and Algeria are emerging as promising new avenues with substantial growth potential.

In the Sesame export sector, the period from April to November 2024 has seen a 0.51% increase in exports, which is particularly noteworthy considering the challenges faced earlier in the year. However, the recovery that began in September 2024 and continued into October and November 2024 reflects the inherent resilience of Indian exporters. The sharp rebound during the latter part of the year highlights both the adaptability and the commitment to quality that Indian sesame producers are known for. This recovery was largely driven by a surge in demand from key export destinations such as Korea, Vietnam, and Russia, which have emerged as promising regions of growth.

Similarly, our Sesame exports to EU have shown exceptional performance, with a total of 27,856.21 tons exported in 2024, representing a 27.32% increase compared to the same period last year. This achievement is a direct result of the dedication and hard work of our exporters, who have consistently maintained high-quality standards and fostered trust with international buyers. Moving forward, we remain focused on sustaining this growth and further strengthening our presence in the European market.

In our pursuit of excellence, IOPEPC has introduced a mandatory geotagging procedure for all laboratory authorities, which was fully implemented from November 11th, 2024. This system, which is now mandatory for all exports to EU and US, aims to enhance transparency and traceability. Similarly, the reduction in rapid alerts in 2024, which dropped to 10 from 16 in 2023, is a positive outcome that reflects the overall improvements in our quality assurance processes and compliance standards.

In addition to these accomplishments, IOPEPC is also engaged in discussions with major trade bodies across the globe to forge strategic cooperation agreements. These collaborations are essential for expanding our export opportunities and ensuring sustained growth in the global market. By working together with international partners, we aim to create a more robust and dynamic export ecosystem for India’s Oilseed sector.

As we reflect on the progress made in 2024, I would like to extend my heartfelt thanks to all the contributors for their insightful articles in this publication. Your expertise and perspectives play a vital role in our ongoing efforts to drive growth and innovation in India’s Oilseed sector.

Let us continue to work together, with determination and a clear focus, as we strive towards greater success in the coming year.

Wishing you all a very Happy New Year!

Rutuparna Dole
Chairman
Indian Oilseeds And Produce Export Promotion Council (IOPEPC)