Good prospect of Indian soybean meal export
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Last Update: 2001-10-31
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Source: Internet
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Author: User
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Introduction: India's soybean meal export prospects are good this year As South Korea orders 150000 tons of Indian soybean meal, this is a considerable order Despite good demand from South Korea, Indian soybean meal prices remain roughly the same as last year's, at $180 per ton Even soybeans cost about 9000-9500 rupees per ton, almost the same as last year The price of soybean oil is about 26500 rupees / ton India's soybean production is expected to be 5.1 million tons this year, compared with 5 million tons last year In the first week of this month, soybeans went on sale well, reaching 350000 packages / day However, sudden rainfall in Madhya Pradesh, Maharashtra and Rajasthan interrupted the soybean market India has sold about 800000 tonnes of soybean meal to Asia and the Middle East since the new season, and exports are expected to increase in the coming weeks.
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