A drop in crushing and slow meal off-take amid high prices in the international market for Indian origin soyameal has led to a decline in soyabean meal exports.
The export of soyabean meal in the period October-February 2022 has stood at 4.23 lakh tonne as against 13.55 lakh tonne in the same period a year ago, according toSoybean Processors Association of India<\/u>(SOPA).<\/p>\n
Soyabean oil year runs from October to September.<\/p>\n
Madhya Pradesh<\/u>is a leading soyabean producing state contributing over 70 per cent to total national output.<\/p>\n
Exports of soyabean meal in February were recorded at 50,000 ton in comparison to 3.52 lakh ton in the corresponding period a year ago, according to the trade body. Exports in February were 50,000 tonne, lower by 55 per cent from January this year. SOPA has also revised downward crushing of soyabean for the year 2021-22 to 88 lakh ton from earlier estimated 90 lakh ton while local meal consumption has been revised down to 56 lakh tonne as against 58 lakh tonne<\/p>\n","protected":false},"excerpt":{"rendered":"