Soyabean body SOPA's Davish Jain re-elected as chairman

Soyabean Processors Association of India (SOPA) today said Davish Jain has been re-elected as Chairman of the organisation for the 2016-18 period.

"The 36th Annual General Meeting of The Soybean Processors Association of India was held on September 17, 2016 in Indore, in which Davish Jain was unanimously re-elected as Chairman of SOPA for the term 2016-18," SOPA said in a statement.

Other office bearers of SOPA who were unanimously elected are Suresh Kalra as Deputy Chairman, Girish Matlani as secretary and Rahul Mutha as treasurer.

Jain said the association is vigorously pursuing with the central government to raise the custom duty on import of soyabean oil, as it is hurting domestic producers and processors.
 

"The absolute increase in soya oil imports into India during last four years has gone up by 10 lakh tonne every year and in the current year, the import has grown to 34.87 lakh tonnes from 22.5 lakh tonnes during 10 months of current oil year," Jain said.

He further said that "huge soya oil imports are, in fact, rendering its end product soybean meal expensive for competing in the export markets."

Jain said the industry faces many challenges and problems, including loss of export market, heavy tax burden, negative crushing parity and low productivity.