Soybean export plummets 97% in Dec to 5,667 tonnes

Export of soybean meal (mostly used as animal feed abroad) plummeted by 97 per cent to 5,667 tonnes in December 2015.
Soybean meal export stood at 1,94,012 tonnes in December 2014, registering a sharp fall of 97 per cent, according to an official release.
On a financial year basis, exports during April to December 2015 stood at 61,559 tonnes, as compared to 4,31,368 tonnes during the same period of previous year, down 85.73 per cent, it said.
During the current oil year (October-September), total exports from October 2015 to December 2015 period was recorded at 18,814 tonnes, as against 3,34,508 tons in the corresponding period a year ago, a fall of 94.37 per cent.

The data has been collected and compiled by Soybean Processors Association of India (SOPA) based on information received from its members, port authorities and other agencies.
The data does not include exports to Pakistan, Nepal and Bangladesh by rail or road, SOPA Chairman Davish Jain said.