The exports of soyameal from the country stood at 100,000 tonnes in the month of April which is a drop of 70.23% due to sluggish global demand, as per the report compiled by the Indore-based Soyabean Processors Association of India (SOPA). The shipments of soyameal which is used as animal feed stood at 3.36 lakh tonnes (LT) in the same month last year.
The fall in exports can be attributed to the fact that the Indian soybean meal prices are not competitive in comparison to international rates. The exports have declined by 13.6% and stood at 26.97 LT against 31.21 LT in the same period last year till April of 2012-13 oil year (October-September period).