India’s December’2021 soymeal exports declined by 70% in April-Dec.- SEA

According to Solvent extractor association of india, India’s December’2021 soymeal exports declined by 83% to  43,260 metric tonnes compared to   2,51,221 metric tonnes in the same period last year. Further, the soymeal shipments too declined by 70% to 2,62,337 metric tonnes in aggregate, during the months (April-Dec.) of financial year 2020-21 compared to 8,88,202 metric tonnes during the corresponding period last year. Export remained lower because of soybean crush margins in India are currently squeezed by pressure on meal prices. Additionally, lesser crushing of soybean also pushing higher import of crude soybean oil in India.

Additionally, export of oilmeals for the month of December’2021 provisionally reported at 1,70,338 tonnes compared to   5,16,006 tonnes last year same period i.e. down by 67%. The overall export of oilmeals during April – Dec’2021 is reported at 17,66,687 tonnes compared to 24,67,564 tonnes i.e. down by 28%.