India's soymeal exports to reach 2 million tonnes in 2016-17
The Dollar Business Bureau India's soymeal exports are set to reach almost 2 million tonnes in the year in the oil year 2016-17, the most in two years, as higher domestic output is expected to boost supplies and reduce prices. Last year India's soybean production grew to 11.5 million tonnes from seven million tonnes a year ago. This year the soymeal production registered the biggest annual rise in over a decade. The domestic output in 2015 was affected by drought situation due to the El Nino weather pattern. "Soymeal exports are doing very well, especially to Europe and Japan," said Atul Chaturvedi, president of the Solvent Extractors Association of India (SEAI). "We will see strong growth this year," said the country's prime vegetable oil trade ...
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 ...
