The volume of Groundnuts exported in April 2024 has decreased by 17.21% compared to the same time last year. In parallel with the drop in quantity, there has been a 24.79% decrease in the monetary value of these exports. Despite these formidable challenges posed by varying demand from key importing nations, our strategic approach has enabled us to penetrate emerging markets and strengthen our foothold in the established ones. The month of April 2024 marked a significant uptick in exports to countries including Algeria, Russia, Iran, and UAE, signalling a growing global preference for Indian Groundnuts as we embark on FY 2024-2025.

Similarly, Groundnut exports to the European Union in April 2024 have experienced a significant upswing. Specifically, the export quantity has increased by 56.89%, and the export value has grown by 40.17% compared to the corresponding period in the previous fiscal year. This promising start indicates the expanding market influence and sets a positive trajectory for the year ahead.

Additionally, our Sesame exports have experienced exceptional growth, with a remarkable 23.37% increase in export value amounting to $525.46 million and a 4.9% rise in export quantity during the fiscal year 2023-2024 compared to the previous year. Likewise, in April 2024, marking the beginning of the new fiscal year 2024-2025, the positive trend continued as the Indian Sesame exports experienced a 12% rise in quantity and a 3.5% increase in value compared to the corresponding period in the previous year.

The continued strong demand from leading importers like EU, Russia, and US highlights the superior quality and competitive edge of the Indian Sesame seeds in the global market.

These achievements are a testament to the collaborative efforts of our stakeholders and the effective strategies implemented by IOPEPC. As we celebrate these milestones, we remain committed to further enhancing our capabilities and exploring new opportunities in the Oilseeds sector.

We convened our recent Capacity Building Program and Trade Meet in Kolkata on June 16, 2024, with a primary emphasis on deepening the knowledge of summer Oilseed crops in West Bengal and Uttar Pradesh. The primary goals included promoting Good Agricultural Practices (GAP) and fostering robust engagement among stakeholders within the Oilseeds sector. These initiatives are pivotal as they equip our stakeholders with indispensable knowledge and tools essential for maintaining and expanding our export successes.

In addition to providing training and capacity building, our efforts extend to disseminating up-to-date information on developments within the Oilseed sector. This monthly news bulletin serves as a critical resource, offering our stakeholders valuable market insights and the latest industry updates.

Moreover, I wish to express my heartfelt appreciation to our esteemed guest contributors whose contributions significantly enhanced the depth and quality of this bulletin. Their insights and expertise will surely help our stakeholders informed and well-prepared in navigating the dynamic landscape of the Oilseed industry.

Friends, as we forge ahead, I urge all members to maintain our commitment to excellence and innovation in promoting Indian Oilseeds globally. Let us move forward with confidence and determination as we chart a course for even greater success in the future.

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