Soyameal Exports Registers 151.8% Growth In May - June 10, 2008

New Delhi: Soyabean meal exports from the country have reported a 151.8 per cent growth during May. Total shipments during the month totaled to 306,615 tonnes as against 121,771 tonnes in May 2007. Exports for the April-May 2008 period was at 856,795 tonnes, 142.4 per cent higher than the 353,464 tonnes of the corresponding two months of 2007-08. On an oil year basis (October-September), too, soyameal shipments aggregated 40,80,714 tonnes till May - a 30.97 per cent jump over the 31,15,732 tonnes level of October 2006 to May 2007. During the current oil year, the two markets to have registered a significant growth in exports were Vietnam and Japan, according to data released by the Indore-based Soybean Processors' Association of India (SOPA).