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| Commodity News |
| HeadLine : |
Soyameal exports lag on reduced bean crop |
| Date : |
Apr 20 2018 |
Exports of soyameal are seen declining by over a fourth to around 15 lakh tonnes in the current oil year (ending September 2018) on reduced oilseed availability for crushing. The shipments of soyameal have progressively slowed over the past four months to 10.25 lakh tonnes (lt) for the October-March 2018 period as against 11.89 lt in the corresponding period last year. A firm trend in soyabean prices ahead of the planting season may prompt more farmers to take up the sowing of the oilseed amidst forecast of a favourable monsoon in the year ahead. Soyabean prices have been hovering 15-20 per cent higher than the MSP for the past few months. Cotton farmers in Maharashtra and Telangana have faced crop losses during the 2017-18 cropping season on account of increased pest infestation, mainly the pink bollworm.
Source: Business Line
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