Indias oilmeal loses major share in Iran market
The Dollar Business Bureau | @TheDollarBiz Source - Solvent Extractors Association of India High domestic prices and prospects of a reduced crop this year have virtually knocked India out of key oilmeal destinations in Iran, EU and Southeast Asia. According to the Solvent Extractors Association of India (SEA), India’s oilmeal exports have plunged to 950,599 tonnes during April – September 2014, down 43% from around 1.65 million tonnes exported in the same period last year. In September 2014, total oilmeal exports from India stood at just 82,749 tonnes, down 73% from 301,717 tonnes shipped in September 2013. While domestic prices remain high, conditions have changed dramatically in the international markets in the last few months. Some sanctions on Iran ...
