India's 2013/14 oilmeal exports dropped nearly 10 percent to 4.33 million tonnes, down for a second straight year as shrinking demand for soymeal and poor domestic supplies curbed sales, a leading trade body said on Monday.
Soymeal exports by Asia's No.1 supplier of the animal feed fell about 18 percent to 2.8 million tonnes, with purchases by Southeast Asian nations dropping 27.5 percent to 2.27 million tonnes over the year ended March 31, data from the Solvent Extractors' Association of India (SEA) showed.
In March, India's soymeal exports fell 26 percent from a year ago to 223,204 tonnes, the data showed.
But overseas soymeal sales were up 21.6 percent on month, the first gain since November, as exports to Iran improved.
Source:- in.reuters.com
No comments:
Post a Comment