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Informist, Friday, Aug 16, 2024

 

--SOPA: India Jul soymeal output at 710,000 tn vs 639,000 tn yr ago

--SOPA: India Oct-Jul soymeal output at 8.2 mln tn vs 7.9 mln yr ago

--SOPA: India Jul soymeal exports at 147,000 tn vs 63,000 tn yr ago

--SOPA: India Oct-Jul soymeal exports at 1.9 mln tn vs 1.6 mln yr ago

--SOPA: India Jul soybean arrivals at 900,000 tn vs 700,000 tn yr ago

--SOPA: India Oct-Jul arrivals at 10.7 mln tn vs 10.6 mln tn yr ago
 

MUMBAI – India's soymeal exports rose 133% on year in July to 147,000 tn from 63,000 tn a year ago, the Soybean Processors Association of India said in a release today. For Oct-Jul, soymeal exports increased to 1.9 mln tn from 1.6 mln tn a year ago, SOPA said.

 

India exported soymeal to more than 70 countries from October to July, of which Bangladesh, Iran, Nepal, and the UAE were major buyers, according to data released by the association. In July, production of soymeal rose to 710,000 tn from 639,000 tn a year ago. The output in Oct-Jul rose to 8.2 mln tn from 7.9 mln tn a year ago, the association said. Soybean, a kharif oilseed, is sown in Jun-Jul and harvested in Oct-Nov.

 

Soybean arrivals in spot markets were at 900,000 tn in July, up from 700,000 tn a year ago. During Oct-Jul, arrivals rose to 10.7 mln tn from 10.6 mln tn a year ago.

 

By the end of July, plants, traders, and farmers were left with around 2.7 mln tn of soybean stock, down from 3.6 mln tn a month ago, the association said. The meal stock at the end of July was 198,000 tn, against 245,000 tn a month ago. Soymeal is primarily used as poultry and livestock feed. Indian soymeal is non-genetically modified and considered rich in protein.

 

The data is collected from various sources, including government and trade. The numbers, however, are estimates only, the association said.  End

 

Reported by Anjali Lavania

Edited by Manisha Baxla

 

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