January 10, 2008

India 07-08 soymeal exports may slow on port congestion
 

India's soymeal exports could slow in the next few months because of severe logistical problems faced by exporters and extractors, a senior industry official said on Wednesday (January 9, 2008).

"Our overall exports have already been hurt by around 25 percent in the marketing year that started in October because of severe shortage of railway rakes, congestion and berthing delays in ports," Davish Jain, chairman, of Central Organization of Oil Industry and Trade said.

COOIT is the apex body of edible oil traders, exporters and millers.