May 14, 2020 / 11:44 AM / 16 days ago

India's March oilmeal exports drop 54% as soymeal shipments plunge - trade body

NEW DELHI (Reuters) - India’s oilmeal exports dropped 54% to 177,003 tonnes in March from a year earlier, as soymeal shipments plunged due to higher domestic prices, provisional data released by a leading industry body showed on Thursday.

Oilmeal shipments during the 2019-20 fiscal year beginning April fell 27% to 2.43 million tonnes, the Solvent Extractors’ Association of India said in a statement.

Reporting by Mayank Bhardwaj; Editing by Alex Richardson

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