The overall export of oilmeals during April to January has come down by 51 per cent to 10.05 lakh tonnes as against 20.47 lakh tonnes in the same period last year.
"The oilmeals exports have touched lowest ever mark of 17,243 tonnes in January this year, as the soyabean prices are ruling substantially higher than the domestic prices. India majorly exports soya meal," Executive Director of Solvent Extractors' Association (SEA), B V Mehta told PTI.
Indian soybean meal is quoted at about USD 492 per tonne as against the Argentina origin soybean meal CIF Rotterdam at USD 335 per tonne, which makes the Indian soybean meal totally outpriced by about USD 160 per tonne in international market.