Price for Cereal Grains; Rolled or Flaked, of Oats in India - 2023

Contents:

1. Price for Cereal Grains; Rolled or Flaked, of Oats in India (CIF) - 2023
2. Price for Cereal Grains; Rolled or Flaked, of Oats in India (FOB) - 2023
3. Imports of Cereal Grains; Rolled or Flaked, of Oats in India
4. Exports of Cereal Grains; Rolled or Flaked, of Oats in India

Price for Cereal Grains; Rolled or Flaked, of Oats in India (CIF) - 2023

The average import price for cereal grains; rolled or flaked, of oatses stood at $829 per ton in July 2023, rising by 9.2% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $874 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the countries with the highest prices were Sri Lanka ($898 per ton) and the United Arab Emirates ($816 per ton), while the price for Chile ($606 per ton) and Australia ($678 per ton) were amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Cereal Grains; Rolled or Flaked, of Oats in India (FOB) - 2023

The average export price for cereal grains; rolled or flaked, of oatses stood at $1,680 per ton in July 2023, reducing by -23% against the previous month. Over the period under review, export price indicated a perceptible increase from November 2022 to July 2023: its price increased at an average monthly rate of +2.5% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, export price for cereal grains; rolled or flaked, of oatses decreased by -24.1% against January 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 73% against the previous month. As a result, the export price attained the peak level of $2,215 per ton. From February 2023 to July 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Maldives ($3,732 per ton), while the average price for exports to Qatar ($1,083 per ton) was amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grains; Rolled or Flaked, of Oats in India

In 2022, approx. 15K tons of cereal grains; rolled or flaked, of oatses were imported into India; dropping by -37.4% compared with the previous year. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 23K tons, and then plummeted in the following year.

In value terms, imports of cereal grains; rolled or flaked, of oatses dropped significantly to $11M in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $16M, and then fell sharply in the following year.

Top Suppliers of Cereal Grains; Rolled or Flaked, of Oats to India in 2022:

1. Sri Lanka (6.4K tons)
2. Chile (4.2K tons)
3. Australia (2.1K tons)
4. United Arab Emirates (1.1K tons)
5. Latvia (0.7K tons)

Exports of Cereal Grains; Rolled or Flaked, of Oats in India

In 2022, overseas shipments of cereal grains; rolled or flaked, of oatses decreased by -31.9% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed strong growth. The growth pace was the most rapid in 2020 with an increase of 46% against the previous year.

In value terms, exports of cereal grains; rolled or flaked, of oatses reduced dramatically to $2M in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 59% against the previous year.

Top Export Markets for Cereal Grains; Rolled or Flaked, of Oats from India in 2022:

1. Nepal (520.9 tons)
2. Bangladesh (182.2 tons)
3. Sri Lanka (168.8 tons)
4. Maldives (73.4 tons)
5. Qatar (63.8 tons)
6. Angola (46.1 tons)
7. Bhutan (23.0 tons)
8. Nigeria (17.3 tons)

Source: IndexBox Market Intelligence Platform