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Oilmeals exports fell by 58% in August to 1,33,404 tonnes due to lower shipments of soyameal, according to industry data.
Oilmeals exports had reached 3,17,161 tonnes in August last year, the Solvent Extractors' Association said in a statement.
Total exports of oilmeals during April-August, 2014-15 fell by 36% to 8,64,929 tonnes, compared to 13,55,980 tonnes in the first five months of 2013-14.
"Export of soybean meal greatly reduced in last 5 months due to lower crop than expected, resulting in high cost of soyabean in local market. This lead to total disparity for soybean meal in international market," SEA said.
Soyameal exports fell sharply to 1.1 lakh tonnes during April-August 2014 against 7 lakh tonnes in the corresponding period of last fiscal.
"Brighter side is the share of rapeseed meal increased from 3,58,196 to 5,13,785 in last 5 months," it added.
Oilmeals import by South Korea during April-August rose marginally to 4,16,918 tonnes compared to 4,16,043 tonnes in the year-ago period. Vietnam imported 65,630 tonnes compared to 63,266 tonnes during the period under review.
Iran's imports from India fell by 73% to 1,27,182 tonnes in the first five months of this fiscal as compared to 4,72,361 tonnes in the year-ago period.
