Soyameal exports from the country fell by over 12 per cent to 34.33 lakh tonnes in the 2012-13 fiscal on sluggish supply of soybean, while shipments to Iran grew exceptionally, an industry body SOPA said. Soyameal exports stood at 39.14 lakh tonnes in the year-ago period, it added.
“...export of soyameal suffered during the second quarter due to poor availability of soyabean and acorresponding corresponding lower crushing,” the Soybean Processors Association of India (SOPA) said in a statement.
Maximum exports of soyameal were to Iran at 8,38,454 tonnes, followed by Japan at 6,00,021 tonnes and France 2,81,255 tonnes during 2012-13 fiscal, it said.
Soyameal is is mainly used as animal feed. It is made out of soyabean. Soyabean production in the country is estimated to be higher at 12.95 million tonnes in 2012-13 crop year (July-June), as per the Agriculture Ministry forecast.