India soymeal exports decline 4.13 per cent in the recently completed Oil year (October 2012- September 2013) compared to previous Oil year (October 2011-September 2012), according to Soybean Processors Associations of India (SOPA).
Exports in Oil year 2012- 13 stood at 3,473,133 tonne compared with 3,622,909 tonne in the Oil year 2011-12.
"Marginal decline was expected as soybean arrivals remained low in the last Oil year," said Rajesh Agrawal, spokesman and coordinator, SOPA. Soybean is the basic raw material for soymeal.
On a financial year basis, the export during April 2013 to September 2013 was 876,294 tonne compared with 837,078 tonne in the same period last year up 4.68 per cent.
"Current Oil year started with weather uncertainties and new crop quality issues but we hope the situation gets better in the coming days," added Agrawal.
Exports in Oil year 2012- 13 stood at 3,473,133 tonne compared with 3,622,909 tonne in the Oil year 2011-12.
"Marginal decline was expected as soybean arrivals remained low in the last Oil year," said Rajesh Agrawal, spokesman and coordinator, SOPA. Soybean is the basic raw material for soymeal.
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Major export destinations were Iran, Japan, France, Thailand, Vietnam, Indonesia and Korea.
On a financial year basis, the export during April 2013 to September 2013 was 876,294 tonne compared with 837,078 tonne in the same period last year up 4.68 per cent.
"Current Oil year started with weather uncertainties and new crop quality issues but we hope the situation gets better in the coming days," added Agrawal.