Oilmeal exports jumped more than two-fold to 2.63 lakh tonnes during February on the back of sharp increase in soyameal shipments, according to industry data.
The exports rose 18 percent in the first eleven months of this fiscal to 16.73 lakh tonnes as against 14.23 lakh tonnes in the corresponding period of the previous year, the Solvent Extractors' Association of India (SEA) said.
The country had exported 15.29 lakh tonnes of oilmeal in the previous fiscal.
"The export of oilmeals during February 2017 has more than doubled and reported at 2,63,509 tonnes compared to 1,22,527 tonnes in February 2016," SEA said in a statement.
Soyameal exports rose sharply to 2.07 lakh tonnes during last month from nearly 30,000 tonnes in the same month last year, the data showed.
During April-February period of this fiscal, the country exported 5.1 lakh tonnes of oilmeals, while Vietnam imported 2.96 lakh tonnes, France 2.08 lakh tonnes, Japan 1.57 lakh tonnes and Bangladesh 2.3 lakh tonnes.
The export of soyameal was maximum at 8.09 lakh tonnes out of the total shipments so far during this financial year.