 "Soyameal exports down 70% on weak global demand")
The country's soyabean meal exports fell by 70 per cent to 1,00,000 tonne in April due to sluggish global demand, industry body SOPA said today.
Shipments of soyabean meal, used as animal feed, stood at 336,000 tonnes in the same month last year.
Exports fell as "the Indian soybean meal prices are not competitive in comparison to international rates," Indore- based Soyabean Processors Association of India (SOPA) said in a statement.
Till April of the 2012-13 oil year (October-September), the soyameal exports have declined by 13.60 per cent to 2.69 million tonnes as against 3.12 million tonnes in the same period.
Shipments of soyabean meal, used as animal feed, stood at 336,000 tonnes in the same month last year.
Exports fell as "the Indian soybean meal prices are not competitive in comparison to international rates," Indore- based Soyabean Processors Association of India (SOPA) said in a statement.
Till April of the 2012-13 oil year (October-September), the soyameal exports have declined by 13.60 per cent to 2.69 million tonnes as against 3.12 million tonnes in the same period.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%