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India's oilmeal exports drop 86% in July: SEA

06 Aug 2015 Evaluate

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.

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