India's oilmeals exports fell by 42% in August to 91,834 tonnes on sharp decline in soyabean meal shipments, according to Solvent Extractors Association (SEA). The country had shipped 156,942 tonnes of oilmeals, used as animal feed, in the same period last year.
As per the SEA data, soyabean meal exports declined sharply to 768 tonnes in August 2015 as against 2,778 tonnes during same period of previous year. Similarly, the shipment of rapeseed meal exports fell to 49,788 tonnes from 1,12,375 tons, while that of ricebran extraction decreased to 8,500 tonnes from 19,656 tonnes in the same period last year. However, castorseed meal exports increased to 32,778 tonnes in August this year from 22,001 tonnes in year-ago period.
During the April-August 2015, oilmeals exports fell by 33% to 6,09,748 tonnes from 9,14,849 tonnes in the year-ago period.