Soyameal exports set to surge 45%
Country’s soyameal exports are likely to breach the 50-lakh-tonne mark this season, surging by 45% on the back of strong demands from overseas markets, according to an industry official.
By PTI |
NEW DELHI: Country���s soyameal exports are likely to breach the 50-lakh-tonne mark this season, surging by 45% on the back of strong demands from overseas markets, according to an industry official. Soyameal exports stood at 35.3 lakh tonnes in the 2006-07 season, which runs from October to September.
���We are very happy with the progress of soyameal exports in the current season. We feel that the initial target of 47 lakh tons will be easily achieved. In fact, we have set a new target of 51 lakh tonnes,��� Indore-based Soyabean Processors Association of India Co-ordinator Rajesh Agarwal said.
Soyameal exports during October 2007 to June 2008 have already touched 43.2 lakh tonnes, against 31.8 lakh tonnes in the corresponding period of the last season.
���During July-September period, we expect exports of about 2.5 lakh tonnes per month,��� he said, adding demand for Indian soyameal continues to be robust in overseas markets such as China, Japan and Indonesia. The exports are currently being contracted at about $495 per tonne, Mr Agarwal said.
���We are very happy with the progress of soyameal exports in the current season. We feel that the initial target of 47 lakh tons will be easily achieved. In fact, we have set a new target of 51 lakh tonnes,��� Indore-based Soyabean Processors Association of India Co-ordinator Rajesh Agarwal said.
Soyameal exports during October 2007 to June 2008 have already touched 43.2 lakh tonnes, against 31.8 lakh tonnes in the corresponding period of the last season.
���During July-September period, we expect exports of about 2.5 lakh tonnes per month,��� he said, adding demand for Indian soyameal continues to be robust in overseas markets such as China, Japan and Indonesia. The exports are currently being contracted at about $495 per tonne, Mr Agarwal said.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
