This story is from March 8, 2014

Soymeal exports decline in the country

Kumud Das / TNN / Updated: Mar 8, 2014, 15:01 IST

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Exports of Soybean meal during February, 2014 was 1.83 lakh tonnes, as compared to 5.77 lakh tonnes in February, 2013 showing a decrease by 68.28% over the same period of last year.

INDORE: Exports of Soybean meal during February, 2014 was 1.83 lakh tonnes, as compared to 5.77 lakh tonnes in February, 2013 showing a decrease by 68.28% over the same period of last year.
"This decline in the export is primarily due to lower arrival of soybean resulting the lower crushing", said spokesperson and coordinator of The Soybean Processors Association of India (SOPA), Rajesh Agrawal.He added that the things will improve only when the arrivals of soybean increase at various mandis within the state.
On a financial year basis, the export during April'2013 to February'2014 is 26.09 lakh tonnes as compared to 31.13 lakh tonnes in the same period of previous year showing a decrease by 16.19%.
During current Oil year, (October-September), total exports during October'2013 to February'2014 are 17.32 lakh tonnes as against 22.77 lakh tonnes tones last year, showing a decrease by 23.94%.

Country-wise/port-wise export of Soybean meal, as prepared by SOPA, also confirms the decline trend.
The data has been collected and compiled by SOPA based on the information received from the members, port authorities and other agencies. The data does not include exports to Pakistan, Nepal and Bangladesh by Rail or Road.

About the Author

Kumud Das

My journalistic career is defined by my interest in the business domain as I traversed the journey across leading media houses and places. I have spent more than 25 years in mainstream journalism, before joining DYPIU, Akurdi (Pune) as an Assistant Professor. I began my career in journalism with The Hindustan Times where I worked for 12 years in\ndifferent parts of the country. Later, I worked as a State Business Correspondent for The Times of India in Madhya Pradesh. My work at ToI was preceded by that at The Financial Express in Mumbai. In the meanwhile, I also worked full-time for major news agencies such as The Press Trust of India (PTI) and United News of India (UNI) as Principal Business Correspondent in Mumbai. At present, I am contributing as a Freelance writer for quite a few publications. And occasionally I write for my Insurance-focused blog: InsureNama.

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