Soyameal exports fall 68% in February

Shipments of soyameal stood at 5.11 lakh tonnes in the same month last year

<a href="http://www.shutterstock.com/pic-26356168/stock-photo-stock-market-crash-chart-raster-version.html?src=ToGmiM_JIPKrZ0JrXZWWzQ-2-65" target="_blank">Market Crash</a> image via Shutterstock
Press Trust of India New Delhi
Last Updated : Mar 07 2014 | 11:28 PM IST
Soyameal exports fell 8% to 4.71 lakh tonnes in December 2013 due to lower arrivals, according to the industry data.

Shipments of soyameal stood at 5.11 lakh tonnes (LT) in the same month a year ago, Soyabean Processors Association of India (SOPA) said in a statement.

Soyameal is rich source of protein and used as animal feed.

Also Read

SOPA spokesperson and coordinator Rajesh Agrawal said: "Exports of soyameal have come down due to lower arrival and decline in crushing margins."

Iran was the leading importer of soyameal last month with a quantity of 1.32 LT, followed by Thailand at 81,254 tonnes and Vietnam at 50,262 tonnes.

India exported 34.73 lakh tonnes of soyameal in 2012-13 marketing year (October-September).

Soyameal exports rose 7.56% to 20.61 LT during April-December 2013, as compared to 19.16 LT in the same period of previous year.
*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

More From This Section

First Published: Mar 07 2014 | 11:28 PM IST

Next Story