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Ruchi soya pegs Indian soymeal export at 5 mln tn

, September 23, 2012, 0 Comments

Key take away from Dinesh Shahra, Managing Director Ruchi Soya :

  • Ruchi Soya year to Sep 2012 soymeal export 1.5 mln tn, 2013 soymeal export at 1.7-1.8 mln tn
  • Ruchi Soya to benefit from fall in palm oil prices FY13
  • Ruchi Soya crushed 2.1 mln tn soybean in yr to Sep 2012, 2.5 mln tn soybean in yr to Sep 2013
  • Ruchi Soya revenue to grow by 10-15% FY13
  • Edible oil import to increase from 9.8 mln tn to 10.3 mln tn due to increase in import of palm oil
  • soyoil supplies may remain tight as severe drought in the US hit the country’s soybean output
  • Crude palm oil prices in Malaysia to fall

Mr Shahra did not disclose Ruchi Soya Industries’ profitability in a year of record soybean crop, he said the fall in palm oil prices would certainly improve earnings.

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