The exports of soyameal from the country stood at 97,000 tonnes in the month of May which is sharply lower by 29.74% to the shipments of 1.39 lakh tonnes (LT) in the same month last year, due to sluggish global demand, as per Soyabean Processors Association of India (SOPA).
Meanwhile, the country’s export of soyameal which is used as animal feeds, during the fiscal 2013 stood at 1.98 LT as compared to 4.75 LT in the previous year showing a fall of 58.33%. The fall in exports can be attributed to the fact that the Indian soybean meal prices are not competitive in comparison to international rates.
