Date: 16/05/2024

Soyameal exports rise 

Exports of soyabean meal have picked up on higher demand from countries such as Bangladesh and Iran, among others. Shipments were up by around 8.8 per cent during the October-April period of the oil year 2023-24 at around 15.23 lakh tonnes over the same period last year’s 14 lakh tonnes, as per the latest estimates by the Soyabean Processors Association of India (SOPA). Soyameal production during the period October to April stood marginally higher at 60.76 lakh tonnes over the same period last year’s 60.26 lakh tonnes. Iran, with imports of 3.79 lakh tonnes, has been the biggest buyer of Indian soyameal this oil year, followed by UAE with 2.93 lakh tonnes. Bangladesh with 2.77 lakh tonnes and Nepal with 1.40 lakh tonnes were the other large buyers, as per a report.
Source: Exim News Service: Indore, May 15