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India’s soyameal exports jumped nearly three-fold at 1,76,816 tonnes in May on record output of soyabean, according to industry data.
The country had in May 2010 exported 60,228 tonnes of soyameal, which is used as animal feed, Indore-based Soyabean Processors Association of India said in a statement.
In the first eight months of the current oil year (October—September), exports more than doubled to 3.47 million tonnes as against 1.62 million tonnes in the corresponding period of 2009—10 oil year.
India exports soyameal to Japan, Vietnam, Indonesia and China among others. According to the government data, the country is estimated to have harvested a record 12.58 million tonnes of soyabean in July 2010—June 2011 crop year.
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