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India's oilmeal exports dropped 60% in April from a year earlier, as higher government-set oilseed prices made New Delhi's overseas shipments uncompetitive, a leading trade body said on Wednesday.
India sold 102,001 tonnes of oilmeal on the world market in April 2020, the start of the 2020-21 fiscal year, the Solvent Extractors' Association of India said in a statement.
The meals, made from oilseeds such as soybean and rapeseed, are primarily used as animal feed.
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