Insufficient supply limits Indian soybean meal exports

Introduction: world grain network, May 17 - India's soybean meal exports are expected to reach 2.5 million tons in 2002 / 03 The export prospect is good, but the total export volume is unlikely to be much higher than that in 2001 / 02, because the domestic product cannot meet the demand of the international market "Indian soybean meal is in good demand in the global market," the chairman of the Indian Soybean Association told PTI news agency However, due to the relative lack of production and the increase of domestic sales, the export volume of this fiscal year may remain around 2.5 million tons, and the difference will only be known after sowing " An official of ITC Co., Ltd claimed that April to September was the low export period of India At present, the amount of soybean press is low and the amount of soybean meal transported is small, although the demand of soybean meal is good It is expected that the rainy season will start a week in advance, and if the soybean planting is satisfactory, the autumn soybean production may reach 5-5.4 million tons Technological upgrading and higher prices can boost exports, but it will take time for exports to reach 3 million tons India exported about 120000 tons of soybean meal in April, and is expected to export 100000 tons in May, mainly to Indonesia and Vietnam, which are currently purchasing Indian soybean meal South Korea will buy a lot, but it is not in the market at present The price of Indian soybean meal in the international market is US $190-195 / ton.