Oilmeal exports surge

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Oilmeal exports from India witnessed a robust growth of 51 per cent between April 1, 2020 and March 31, 2021, according to the Solvent Extractors Association of India. In the last fiscal India exported 36.80 lakh tonnes of oilmeal as compared to 24.33 lakh tonnes recorded in financial year 2019-20.Thelargest chunk of exports was cornered by soymeal cake at 15.64 lakh tonnes in 2020-21 as compared to 6.92 lakh tonnes the previous fiscal.Rapeseed meal export too crossed a million tonnes, courtesy higher purchase by South Korea, Thailand and Bangladesh. The overall earnings jumped to Rs 8,838 crore compared to Rs 4,437 crore, as per a report.