Soybean meal exports looking up

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As global demand is very strong, Indias export of soybean meal is likely to cross the 18-lakh-tonne mark this season, according to Soybean Processors Association of India (SOPA). A sharp rise has been seen compared to the previous year. Production of soybean meal between October 2020 and March 2021 rose to 46.69 lakh tonnes, against 26.21 lakh tonnes last year. Similarly, soybean meal exports this year till March (in the first nine months) rose to 15.9 lakh tonnes, against 4.23 lakh tonnes during the same period last year, said a report.