Oil export increases, soymeal export declines

Indore, Jan 11 (UNI) Soyabean meal export declined during the third quarter of 2007-08, but export of soya increased in the same period.

According to data collected by Soyabean Processers Association (SOPA), oil exports during the first quarter of oil year from October to December 2007 was 12.53 lakh MT as compared to 12lakh MT during the same period last year registering a 4.37 percent growth.

The SOPA release said during the current Oil year, the major significant markets were Vietnam, Japan, Korea, Thailand and Indonesia.

This Oil year India has exported 309119 MT to Vietnam, 273660 MT to Japan, 157021 MT to Korea, 122097 MT to Thailand and 120352 MT to Indonesia as against 173455 MT, 124693 MT, 145432 MT, 115351 MT and 247068 MT respectively during last oil year. This shows a marked jump in our exports to Vietnam, Japan and Korea while there is significant drop in exports to Indonesia.

Export of soyabean meal during the quarter ending December'07 was 551382 MT as against 595283 MT during the same period last year showing a decline of 7.37 percent over the last year.

This has been to an extent due to non-availability of railway rakes for moving the goods to the ports. The total exports of soyabean meal during April to December'07 is down at 2016450 MT as against 2634678 MT during the same period last year, indicating a decline of 23.46 percent over the last year.

UNI AA SP 1458