Friday, August 7, 2009

Commodities News Headline: Soyameal export declines 80 per cent in July on poor demand

India''s soyameal export fell 80 per cent in July. The drop is backed by gradual decline in demand abroad, an industry body said on August 6. The export of soyameal during July was 58,040 tonnes, compared with 2,84,990 tonnes in the corresponding month last year, Indore-based Soybean Processors Association (SOPA) said in a statement. The overseas shipment of soyameal, used mainly as animal feed, has dropped by 76 per cent so far this fiscal to 3,31,923 tonnes, SOPA said.

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