Soybean meal exports witness 735.6% rise: SOPA
The Dollar Business Bureau There has been a 735.6 per cent increase in the export of Soybean meal and its other value added products during December 2016 with the same rising to 2,41,256 tons as compared to 28,870 tons in December 2015, according to industry body Soyabean Processors Association (SOPA). Considering the financial year from April 2016 to December 2016, the export stood at 4,46,130 tons as compared to 3,02,304 tons in the same period of previous year showing an increase of 47.58 per cent. As per the Solvent Extractors Association, the export of oilmeals during December 2016 witnessed a more than double rise due to huge demand of Non-GMO Soybean Meal from France and was reported at 194,309 tons compared to 84,218 tons. The ...
Indias oilmeal exports see a sharp dip in April - December 2014
The Dollar Business Bureau A plunge in soybean oilmeal exports due to low international prices has resulted in a sharp decline in India’s overall oilmeal exports in the first eight months of FY2014-15. According to the Solvent Extractors’ Association of India (SEA), India’s oilmeal exports during April-December 2014 stood at around 1.84 million tonnes, which is down about 42% from around 3.2 million tonnes recorded during the corresponding period in the previous year. The main reason for the slump is low international price of soybean oilmeal, exports of which have declined to around 444,736 tonnes in April – December 2014, down about 78% from around 2 million tonnes in the same period in FY2013-14. SEA said in a ...
