The Hindu Business Line : `Drop in soyameal shipments due to rising input costs'

RISING input costs have affected export of soyameal this oil year (November 2004-October 2005), according to the Soyabean Processors Association of India (Sopa).

As against exports of 35 lakh tonnes of soyameal the previous oil year, this time shipments would barely be 20 lakh tonnes, said the Sopa Chairman, Mr Rajesh Agrawal, in a letter to the Union Commerce and Industry Minister, Mr Kamal Nath.

Input costs for producing soyameal had increased mainly due to rise in prices of coal and hexane, while rail transportation had also added to their woes, he said.

Soyabean processors had been affected by Coal India's move to allocate coal through e-auctions instead of linkage supply, while hexane prices had been hiked by 25 per cent, Mr Agrawal said.

Also, the railways recently issued notification increasing the minimum weight conditions. This alone led to an additional burden of 5 per cent to the input cost, Mr Agrawal said.

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`Drop in soyameal shipments due to rising input costs'