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Oilmeal exports in the first half of the current financial year grew by 85.35 per cent to 11.01 lakh tonnes (lt) aided by better domestic output and global prices.
The shipments stood at 5.94 lt during the corresponding period last year.
The Solvent Extractors Association of India, the apex trade body for the vegoil industry, said oilmeal exports have revived to some extent this year owing to higher output last year on account of good rains after two straight years of drought. The improving price parity in the world market has also boosted shipments.
However, the shipments in the first half are still lower when compared to earlier years, said BV Mehta, Executive Director, SEAI.
Oilmeal exports have risen on account of higher demand from countries such as Vietnam, South Korea and Thailand, among others.
South Korea was the largest buyer in April-September this year, followed by Vietnam.
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