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Export of soyameal and its value-added products have recorded a staggering growth of 446.38 per cent this year, according to the Soyabean Processors Association of India (SOPA).
DN Pathak, Executive Director, SOPA, said that exports during January were pegged at 1,55,164 tonnes compared to 22,398 tonnes in January 2016. On a financial year basis, total exports from April 2016 to January 2017 were recorded at 6,01,294 tonnes (3,30,702 tonnes).
Amid declining arrival and subdued physical demand, soya oil in Indore mandis ruled flat with soya refined at ₹705-708 for 10 kg (up ₹3 from last week), while soya solvent ruled at ₹672-75.
Weak arrivals lifted soyabean prices to ₹3,050 a quintal, while plant deliveries were at ₹3,000-50. Soyameal traded lower at ₹23,500 a quintal.
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