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 ...
Soymeal exports hit historic low; down 91% in Jan
Of the total 69265.50 metric tonnes exported during April-January 2015-16, Kuwait was the largest importer with shipment of 10867.315 MT. The Dollar Business Bureau As per port-wise data, Mumbai JNPT topped with total shipment of 42392.869 MT against 173410 MT year-on-year, followed by Kandla (15030 MT) and Mundra (11842 MT). Export of Soybean meal witnessed 92.58% decline during January this year and reduced to 7,707 tonnes compared to 1.03 lakh tonnes exported during the same month of the previous year. According to the Soybean Processors Association of India (SOPA), on the financial year basis, exports between April 2015 and January 2016 witnessed 87.06% decline compared to the figure of the ...
Soymeal exports register 92% decline in November
Exports fall is due to high price of soybean in domestic market and lower realization for meal and oil, which resulted in fall in crushing The Dollar Business Bureau UAE, which was a leading importer accounting for 9050 tonnes of the total 18016 tonnes of Indias export during April this year, remained inactive in the start of the current oil year While Indias overall oilmeal exports fell by 41% in November, soymeal exports alone registered 92% year-on-year decline during the month, reducing to just 8,909 tonnes against 1.10 lakh tonnes shipped during the previous year. During the first two month of the current oil year (October-November 2015), total soymeal exports remained 13,147 tonnes as against 1.40 lakh tonnes of the previous year, registering ...
Export of soybean meal drops 72% in August
The Dollar Business Bureau Export of soybean meal from India declined to 769 tonnes in August, 2015 as compared to 2,778 tonnes in the same month last year, recording a decrease of 72.33%, according to a data released by the Soybean Processors Association of India (SOPA). “On a financial year basis, the export during April'2015 to August'2015 is 35,858 tonnes as compared to 96,201 tonnes in the same period of previous year showing a decrease of 62.73%,” said SOPA in a statement. The country’s total export between April and August, 2015 stood at 35,858 tonnes as against 96,201 tonnes shipped during the corresponding period last year. Since April this year, India has exported approximately 36,000 MT of soybean meal, with Middle-East ...
Indias soy meal exports decline by 71.54% in OctJune period
Sai Nikesh | The Dollar Business Farmers engaged in soy cultivation are highly distressed as India’s soybean meal exports have dropped drastically by about 85% to a meagre 0.64 MT in 2014-15from a record level of 4.24 million tonnes (MT) during FY 2008-09, said a study by Associated Chambers of Commerce and Industry (ASSOCHAM). The study titled ‘Soybean: Time to regain lost ground’ pointed out that significant slump in soybean meal exports from India is largely on account of speculation and an unrealistic approach in handling established export markets. And looking at near normal monsoon, the country is expected to reap rich harvest of over 12 MT soybean meal by putting pressure on domestic prices,as India has become globally uncompetitive and import ...
India hikes import duties on edible oil, but questions remain
Satyapal Menon | The Dollar Business India’s edible oil sector continues to be in a conundrum, with the government having to resort to short term measures yet again. The recent announcement by the government to increase the import duties on crude edible oils from the earlier 2.5% to 7.5%, and on refined edible oil from the earlier 10% to 15% calls for some introspection, since the decision, though ostensibly flaunted as a measure to protect the interests of farmers, is actually a myopic and insufficient solution. The government took the decision this week following repeated requests by several organisations such as the Soybean Processors Association of India (SOPA) and the Indian Vanaspati Producers Association (IVPA) to prevent a ...
