Export of soybean meal decreases 97% in December y-o-y

KOLKATA: Export of soybean meal during December, 2015 was just 5,667 tons as compared to 1,94,012 tons in December, 2014 showing a decrease of 97% over the same period of last year, according to Soybean Processors Association ( SOPA).

On a financial year basis, the export during April 2015 to December 2015 is 61,559 tons as compared to 4,31,368 tons in the same period of previous year showing a decrease of 85.73%. Soybean meal is used for livestock feed and India is a major supplier of this.

During current Oil year, (October – September), total exports during October 2015 to December, 2015 is 18,814 tons as against 3,34,508 tons last year, showing a decrease by 94.37%.

The data has been collected and compiled by SOPA based on the information received from the members, port authorities and other agencies.