A poor monsoon, coupled with soaring domestic prices, has taken a toll on Indian soymeal exports in the current financial year. However, a spell of rains in soy-growing areas has brought fresh hope for the farmers. On one hand some soymeal exporters are apprehensive of a further decline in exports. Indore-based Soybean Processors Association of India (Sopa) has said the crop condition is not that bad. “It would be premature to predict exports and crop yield. Exports are likely to decline but it would stay near three million tonnes,” Rajesh Agrawal, Sopa spokesperson said. According to Sopa in the current year, soymeal exports during April-July 2014 stood at 93,000 tonnes against 518,000 tonnes in the corresponding period last year, a decline of 82%.
(Source – http://www.blackseagrain.net/novosti/rains-raise-hopes-among-indian-soy-farmers)