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The country's soyabean meal exports fell by 70 per cent to 1,00,000 tonne in April due to sluggish global demand, industry body SOPA said today.
Shipments of soyabean meal, used as animal feed, stood at 336,000 tonnes in the same month last year.
Exports fell as "the Indian soybean meal prices are not competitive in comparison to international rates," Indore- based Soyabean Processors Association of India (SOPA) said in a statement.
Till April of the 2012-13 oil year (October-September), the soyameal exports have declined by 13.60 per cent to 2.69 million tonnes as against 3.12 million tonnes in the same period.
