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India’s oil meal exports dip sharply by 49%: SEA

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MUMBAI (Commodity Online): The Solvent Extractors' Association (SEA) said that the country's oil meal exports has plunged by 49% in August to 2.14 lakh tonnes thanks to poor demand from countries like Malaysia, Vietnam and South Korea.

Oil meal exports stood at 4.27 lakh tonnes in the same period last year.

According to SEA data in August, India shipped 0.66 lakh tonnes of rapeseed meal and 1.27 lakh tonnes of soya meal.
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NCDEX GURMUZZAFFARNAGARJUL12 20 July 2012 contract was trading at Rs 0 . What's your view on it?
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