Export of soyameal in Oct drops 55% to 19,139 tonnes

Export of soyabean meal and its other value added products fell by 55 per cent to 19,139 tonnes during last month, according to industry data.
The export stood at 42,104 tonnes in the year-ago period, Soyabean Processors' Association of India said in a statement.
"The export of soybean meal and its other value added products (HS Code 2304) during October 2016 is just 19,139 tonnes compared to 42,104 tonnes in October 2015 showing a decrease of 54.5% over the same period of last year," SOPA said.
On a financial year basis, the export fell by 61 per cent during April-October 2016 at 94,871 tonnes as compared to 2,43,632 tonnes in the corresponding period of the previous year, it added.