India oil meal export August 2010

India's oilmeal export in August 2010 increase to 244,075 tons up 14% compared same time last year.

Related News:

India's Oilmeal Export Gains 14% In August 2010 - SEA

Oilmeal export jumps by 14 pc in August

SOPA estimated soybean output decline by 14%

The SOPA reported soybean output in the year ended Sept was 9.31 million tonnes decline from forecast of 10.8 million tonnes. The projection was cut down after export of soymeal slide 34% to 3.21 million tonnes in the year end of Sept from small crop. The soybean planting area will rose to 9.61 million hectares (24 million acres) in this season from 9.64 million hectares last year with crop harvest may around 9.72 million tonnes and the carry over is around 600,000 tonnes.

related link: SOPA

India soybean output may rise

India's soybean production may rise to 12 million tons next years. The farmers planted more oil seed after drought condition disappear from major growing area.


Comment: More out put form India may cut sales of soymeal from US and Latin America to Asia. The increasing of world soybean production put pressure on bean prices.

India Aug vegetable oil imports incrase by 4.5%

The Solvent Extractors' Association of India reported august vegetable oil import rose 4.5% to 650,603 tones from aug 2008 (622,831 tons).