A leading trade body has apprised that oilmeal exports climbed 14.5 per cent to 279,469 tonnes in August from 244,075 tonnes a year earlier, owing to more oilseeds being available coupled with good demand from South-East Asia.
According to a statement issued by the Solvent Extractors’ Association of India (SEAI), oilmeal exports in the first five months of the current fiscal shot up over 60 per cent to 1,639 million tonnes compared with 1,021 million tonnes a year ago.
However, soyameal exports declined six per cent last month to 165,610 tonnes due to less availability of soyabean for crushing, following the export of the bulk of the crop in the first half of this year.
Source : Exim News Service - Mumbai, Sept. 11
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