September 6, 2019 / 10:27 AM / 13 days ago

India's August oilmeal exports tumble 73% - industry body

NEW DELHI (Reuters) - India’s oilmeal exports plunged 73% in August this year as soybean meal shipments fell sharply due to a hefty increase in local prices, a leading industry body said on Friday.

Oilmeal exports fell 23% to 1.01 million tonnes in the first five months of the current marketing year that began in April, according to the provisional data compiled by the Solvent Extractors’ Association.

Reporting by Mayank Bhardwaj; Editing by Rashmi Aich

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