FY15 soybean meal exports at 6.46 lakh tonnes, down 77.25 per cent

KOLKATA: India exported 6.46 lakh tonnes of soybean meal in FY15, registering a decline of 77.25% over the previous financial year (2013-14), when soybean meal exports were 28.41 lakh tonnes. The figures were released by Soybean Processors Association of India (SOPA) on Wednesday.

Exports of soybean meal during March 2015 were 46,670 tonnes compared to 2,32,176 tonnes in March 2014, showing a decline of 80%.

"With the increase in export incentives in the new foreign trade policy under Merchandise Exports from India Scheme (MEIS), we are hopeful that we will be able to regain some of the lost markets and our exports of soybean meal in 2015-16 will increase substantially," said Davish Jain, chairman, SOPA.

During the first half of the current Oil year, that is, October 2014 to March 2015, total exports are 5,49,627 tonnes as against 19,64,581 tonnes last year, showing a decrease of 72%.