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Soyameal exports fall 68% in February

Shipments of soyameal stood at 5.11 lakh tonnes in the same month last year

<a href="http://www.shutterstock.com/pic-26356168/stock-photo-stock-market-crash-chart-raster-version.html?src=ToGmiM_JIPKrZ0JrXZWWzQ-2-65" target="_blank">Market Crash</a> image via Shutterstock

Press Trust of India New Delhi
Soyameal exports fell 8% to 4.71 lakh tonnes in December 2013 due to lower arrivals, according to the industry data.

Shipments of soyameal stood at 5.11 lakh tonnes (LT) in the same month a year ago, Soyabean Processors Association of India (SOPA) said in a statement.

Soyameal is rich source of protein and used as animal feed.

SOPA spokesperson and coordinator Rajesh Agrawal said: "Exports of soyameal have come down due to lower arrival and decline in crushing margins."

Iran was the leading importer of soyameal last month with a quantity of 1.32 LT, followed by Thailand at 81,254 tonnes and Vietnam at 50,262 tonnes.
 
India exported 34.73 lakh tonnes of soyameal in 2012-13 marketing year (October-September).

Soyameal exports rose 7.56% to 20.61 LT during April-December 2013, as compared to 19.16 LT in the same period of previous year.

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First Published: Mar 07 2014 | 11:28 PM IST

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