India's soymeal exports in 2018/19 could jump as much as 70 per cent from a year ago, buoyed by expected purchases from the world's biggest soybean buyer China, industry officials told Reuters on Thursday. A depreciation in the rupee and a jump in soybean output will help India gain market share in China, which is looking for new suppliers after imposing tariffs on key US farm commodities as part of a Sino-US trade row, they said. "China's market is huge. It is likely to open for India in the next two-three months," said Davish Jain, chairman of the Soybean ...
Indian soyameal exports could rise 70 % this year , thanks to increasing demand from China , the world ’s biggest soyabean buyer , which is looking for new suppliers due to its ongoing trade with the US . The exports will be helped by an expected 20 % rise in production and a 10 % fall in the value of the rupee . Total exports could rise to three million metric tonnes , from the 1.75 million mt last year . turkey ’s main customers up to now have been Bangladesh , Vietnam and Japan , and traders have already signed deals to export 1000 mt to Japan , Vietnam and Europe .