India Jan soymeal exports up 1.1% on year at 278,000 tn, says SOPA
This story was originally published at 16:02 IST on 13 February 2025
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--SOPA: India Jan soymeal exports at 278,000 tn vs 275,000 tn yr ago
--SOPA: India Oct-Jan soymeal exports at 796,000 tn vs 934,000 tn
--SOPA: India Jan soymeal output at 947,000 tn vs 907,000 tn yr ago
--SOPA: India Oct-Jan soymeal output at 3.35 mln tn vs 3.71 mln yr ago
--SOPA: India Jan soybean arrivals at 1.15 mln tn vs 1.0 mln tn yr ago
--SOPA: India Oct-Jan soybean arrivals at 5.75 mln tn vs 6.20 mln tn yr ago
MUMBAI – India's soymeal exports rose 1.1% on year and 0.3% on month to 278,000 tonnes in January, the Soybean Processors Association of India said in a release Thursday. However, soymeal exports in the first four months of the oilseeds year 2024-25 (Oct-Sept) fell to 796,000 tonnes from 934,000 tonnes a year ago, SOPA said.
India exported soymeal to more than 50 countries from October to January, with Afghanistan, Bangladesh, Iran, France, Germany, Kenya, Nepal, Netherlands, Japan, and South Korea being the major buyers, according to data released by the association. Production of soymeal in January rose to 947,000 tonnes from 907,000 tonnes a year ago. The output in Oct-Jan fell to 3.35 million tonnes from 3.71 million tonnes 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 1.15 million tonnes in January, up from 1.0 million tonnes a year ago. During Oct-Jan, arrivals fell to 5.75 million tonnes from 6.2 million tonnes a year ago.
The US Department of Agriculture has estimated global soybean meal output in 2024-25 at 274.58 million tonnes, according to the World Agricultural Supply and Demand Estimates report for February, slightly higher than its January estimate of 274.11 million tonnes.
Soybean meal is a by-product of the extraction of oil from soybean. India's production of soybean meal in 2024-25 has been projected at 8.80 million tonnes, unchanged from last month's estimate. Production in 2023-24 has been estimated at 9.04 million tonnes. India is among the largest importers of soy oil and an exporter of soybean meal. End
Reported by J. Navya Sruthi
Edited by Rajeev Pai
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