Oilmeal exports jump three-fold to 3.68 LT in Oct
India's oilmeals export in October increased over three-fold to 3.68 lakh tonne (LT) on account of higher exports to Europe, South Korea and Iran. Shipments of oilmeals in the same month last year stood at 1.22 LT, the Solvent Extract-ors' Association of India said in a statement. The overall export till October in the current financial year is increased by 15% to 20.19 LT compared to 17.49 LT during April-October period last year, it said. South Kor-ea is the biggest importer of oilmeals from India during the April-October period with 6.39 LT followed by Iran with 6.04 LT. Major jump in oilmeals exports was seen in Europe. How-ever, India is losing market in Vietnam due to competi-tion from other origins and higher domestic crushing.