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 .
Indian soyameal exports could rise 70% this year, thanks to increased demand from China, the world’s biggest soyabean buyer, which is looking for new suppliers due to its trade dispute with the US. The exports will be helped by an expected 20% rise in production and a 12% fall in the value of the rupee. Total exports could rise to three million metric tonnes, from the 1.75 million mt last year. India’s main customers up to now have been Bangladesh, Vietnam and Japan, and traders have already signed deals to ship 300,000 mt to Japan, Vietnam and Europe.