Oilmeal exports fall 28.5% as soymeal loses to South America
Indian soybean meal was priced about $177 a tonne above global benchmarks in August, and its exports fell 73% in five months.
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India exported 12.82 lakh tonnes of oilmeals in April-August, down from 17.93 lakh tonnes a year earlier.
Soybean meal exports fell 73% to 2.05 lakh tonnes as cheaper Argentine and Brazilian supplies took over.
Rapeseed meal held up better, with China, Bangladesh and Vietnam buying more.