July oilmeal exports plunge 86 pct y/y - trade body

by mymazaa.com

MUMBAI, Aug 6 (Reuters) - India's oilmeal exports in July plunged 86 percent from a year earlier to 18,410 tonnes as south Asian countries trimmed purchases of expensive Indian rapeseed meal and soymeal, a trade body said on Thursday.

Exports of rapeseed meal fell 90 percent from a year ago to 8,645 tonnes, while soymeal shipments dropped 86 percent to a record low of 928 tonnes, the Mumbai-based Solvent Extractors' Association said in a statement.

Exports of oilmeals in the first four months of the current fiscal year that started on April 1 dropped 35 percent to 492,086 tonnes, it said.

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