India's oilmeal exports in July dropped 86% from a year earlier to 18,410 tonnes as south Asian countries trimmed purchases of expensive Indian rapeseed meal and soymeal.
According to Solvent Extractors' Association (SEA), exports of rapeseed meal fell 90% from a year ago to 8,645 tonnes, while soymeal shipments declined 86% to a record low of 928 tonnes. Exports of oilmeals in the first four months of the current fiscal year that started on April 1 dropped 35% to 492,086 tonnes.