Oilmeal exports from India declined by 85% to 59,818 tonnes in December from a year ago on lower soybean crushing following higher prices and as cheaper exports from South American rivals flooded traditional markets, as per the data compiled by Solvent Extractors' Association (SEA).
India, a leading exporter of oilmeal or animal feed to southeast Asia, sold 963,442 tonnes of meals overseas in the nine months to December compared with 1.86 million tonnes in the same period last year.