The new season Indian origin soyabean has fetched encouraging demand in the international market with exports in November up by more than 13 per cent at 1.50 lakh tonnes as against the corresponding period a year ago, a trade body said on Saturday.
The trade body, Soybean Processors Association of India (SOPA) said, India’s export of soyabean meal in November stood at 1.50 lakh tonnes, up 13.6 per cent from the previous year.
Exports in the first two months of the new oil year October and November stood at 2.50 lakh tonnes as against 1.81 lakh tonnes a year ago in the same period, data compiled by the trade body showed. The oil year runs from October to September.
SOPA executive director DN Pathak said, “Exports in November this year is up by more than 13 per cent from a year ago on higher demand and sufficient availability in the market.”
Soyabean exporters said demand for the new season harvest is good from traditional buyers. Madhya Pradesh is a leading soybean producing state in the country contributing over 60 per cent in total production and is a major trading centre.