April 9, 2013

India's soymeal exports, which comprise the bulk of oilmeal, declined by 30.66% to 320,265.370 tonnes in March 2013 from 461,891.774 tonnes a year earlier.

The annual soymeal exports in the financial year 2012-13 (April-March) were 3,433,916.546 tonnes, decreased by 12.28% from 3,914,683.205 tonnes a year ago.

During the financial year 2012-13 export to Iran registered exceptional growth. Partially, export of soymeal suffered during second quarter due to poor availability of soy and corresponding lower crushing.

During the first half of current oil year (October-September), exports during October 2012 to March 2013 were 2,596,838.577 tonnes as against 2,785,831.205 tonnes last year or a drop of 6.78%.

Interestingly, details of country-wise/port-wise export of soymeal, as prepared by Soy Processors' Association of India (SOPA) show that there has been a rise in soymeal exports by 9.68% during the period April-June during the last fiscal. The export to the tune of 655,868 tonnes took place during the period, as against the mark of 597,971 tonnes during the corresponding period of the previous fiscal.

The data has been collected and compiled by SOPA based on the information received from members, port authorities and other agencies. The data does not include exports to Pakistan, Nepal and Bangladesh by rail or road.