India soymeal export in June 2013 were up 18% compared with the corresponding month last year, according to a statement by Soybean Processors Association of India (SOPA).
The export during June 2013 was 0.22 million tonne against 0.19 million tonne in June 2012. "Looking at it country wise, demand has gone up in Iran," said Rajesh Agrawal, coordinator and spokesman, SOPA.
Around 112,500 tonne was exported to Iran in June 2013 compared to 83,239.59 tonne in May 2013, according to SOPA data.
On a financial year basis, the exports during April 2013 to June 2013 stood at 0.42 million tonne compared with 0.66 million tonne in the same period last year- a decline of around 37 per cent.
On oil year basis, (October 2012 - September 2013), total exports during October 2012 to June, 2013 stood at 3.1 million tonne against 3.45 million tonne in the corresponding period last year down by 12.6 per cent. "If arrivals do not increase in the coming days, soymeal exports in the current oil year may show some shortfall compared with the previous year," said Agrawal of SOPA.
"We estimate around 0.2 million tonne shortfall in soymeal exports from India in oil year 2012-2013, added Agrawal. India exported around 3.62 million tonne soymeal in oil year 2011-2012, according to SOPA data.
