Soymeal exports increase in August

INDORE: The export during August 2013 was 1.839 lakh tones as compared to 0.100 lakh tones in the same period of previous year showing an increase of nearly 1738.63%.

On a financial year basis, the export during April 2013 to August 2013 has been 7.023 lakh tonnes as compared to 8.342 lakh tones in the same period of previous year showing a decrease of nearly 15.81%.

During current Oil year, (October - September), total exports during October 2012 to August, 2013 are 32.992 lakh tones as against 36.200 lakh tones last year, showing a decrease by 8.86%.

Country-wise/Port-wise Export of Soybean meal, which has been collected by the Soybean Processors Association of India (SOPA) shows this trend.

The data has been collected and compiled by SOPA based on the information received from the members, port authorities and other agencies. However, the data does not include exports to Pakistan, Nepal and Bangladesh by rail or road.

Talking to ToI, SOPA spokesman, Rajesh Agrawal, said, " Both supply and global demand for soymeal have increased simultaneously, which has resulted in the increase in exports. I hope this trend will continue for some more time in future too as things are going well with the industry at the moment".

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