Soybean Meal Export at Historical Low - 928 MT in July 2015
The Solvent Extractors' Association of India has compiled the export data for export of oilmeals for the month of July 2015. The export of oilmeals during July 2015 is reported at just 18,410 tons compared to 132,102 tons in July 2014 i.e. down by 86%. The overall export of oilmeals during April-July 2015 is reduced and reported at 492,086 tons compared to 757,907 tons during the same period of last year i.e. down by 35%. Soybean crushing is very much reduced due to continuous disparity and high price of domestic market affecting overall domestic availability of both oils and meals. The export of soybean meal is at a historical low during current year and reduced month by month and reported just 18,017 tons in April, 14,046 tons in May, 2,098 tons in June and just 928 tons in July 2015. Capacity utilization is at the lowest and many plants are close down due to disparity in crushing and export.Powered by Capital Market - Live News