India's oilmeal exports have reached a historic high, with the overall export volume touching 48.86 lakh tonnes during the April-March period of the fiscal year 2023-2024. This marks a significant increase of 13 percent compared to the previous fiscal year.
The export of oilmeal, primarily used as animal feed, demonstrates India's growing presence in the global agricultural market. The record-breaking performance reflects the country's continued efforts to enhance its export capabilities and meet the rising demand for agricultural products worldwide.
The surge in oilmeal exports is indicative of India's competitive edge in agricultural trade, positioning the country as a key player in the international market. This achievement not only contributes to India's economic growth but also strengthens its trade relations with global partners.
As India maintains its momentum in agricultural exports, it underscores the country's commitment to leveraging its agricultural resources for sustainable development and prosperity.
#ITCNewsUpdates #BreakingNews #OilmealExports #AgriculturalTrade #RecordExports #IndianEconomy #InternationalTradeCouncil
