Soymeal exports decline in the country

INDORE: Exports of Soybean meal during February, 2014 was 1.83 lakh tonnes, as compared to 5.77 lakh tonnes in February, 2013 showing a decrease by 68.28% over the same period of last year. "This decline in the export is primarily due to lower arrival of soybean resulting the lower crushing", said spokesperson and coordinator of The Soybean Processors Association of India (SOPA), Rajesh Agrawal. He added that the things will improve only when the arrivals of soybean increase at various mandis within the state.  On a financial year basis, the export during April'2013 to February'2014 is 26.09 lakh tonnes as compared to 31.13 lakh tonnes in the same period of previous year showing a decrease by 16.19%. During current Oil year, (October-September), total exports during October'2013 to February'2014 are 17.32 lakh tonnes as against 22.77 lakh tonnes tones last year, showing a decrease by 23.94%. Country-wise/port-wise export of Soybean meal, as prepared by SOPA, also confirms the decline trend. The data has been collected and compiled by SOPA based on the information received from the members, port authorities and other agencies. The data does not include exports to Pakistan, Nepal and Bangladesh by Rail or Road. Source :  http://timesofindia.indiatimes.com/business/india-business/Soymeal-exports-decline-in-the-country/articleshow/31665680.cms