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India sees robust export demand for its soya meal.
Jan 12, 2021

Indian soya bean meal exports have touched around 6-7 lakh tonne until December 2020 and is likely to cross around 12-14 lakh tonne in the 2020-21 (October-September) season, senior industry officials said. DN Pathak, SOPA executive director, pointed out that there had been a robust demand for Indian soya bean meal.
 
Soybean meal export prices are attractive at around $520 per tonne and Rs 36,300 per tonne, industry officials said. Typically, price of the Indian soya meal variety is higher than the international ones, but this year India has an advantage in exporting more as the recent global rally in soybean prices has made Indian soya meal competitive. In November, India’s soya meal exports surged 144% on year to 200,000 tonne due to a revival in demand, led by opening up of economies across the globe, observed SOPA.
    

Financial Express

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