Soyameal exports fall by 36% in July
Shipments of soyameal, stood at 1.68 lakh tonnes in the same month last year, says SOPA
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Soyameal exports fell by 36.42% to 1.07 lakh tonnes in July as the domestic price is higher than the global rates, an industry body said today.
The bulk of the exports was made to sanction-hit Iran.
Shipments of soyameal, used as animal feed, stood at 1.68 lakh tonnes in the same month last year, Soyabean Processors Association (SOPA) said in a statement.
In the first ten months of the current oil marketing year (October-September), soyameal exports decreased by 14% to 31.15 lakh tonnes compared with 36.10 lakh tonnes in the corresponding period of previous oil year.
"Exports fell as Indian soyameal prices were in disparity with the international market, SOPA Spokesperson Rajesh Agrawal said.
The majority of the exports were to Iran as it imported in the Indian rupee under the barter trade system, he added.
The bulk of the exports was made to sanction-hit Iran.
Shipments of soyameal, used as animal feed, stood at 1.68 lakh tonnes in the same month last year, Soyabean Processors Association (SOPA) said in a statement.
In the first ten months of the current oil marketing year (October-September), soyameal exports decreased by 14% to 31.15 lakh tonnes compared with 36.10 lakh tonnes in the corresponding period of previous oil year.
"Exports fell as Indian soyameal prices were in disparity with the international market, SOPA Spokesperson Rajesh Agrawal said.
The majority of the exports were to Iran as it imported in the Indian rupee under the barter trade system, he added.
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First Published: Aug 06 2013 | 2:22 PM IST