Soyameal exports up

Published September 23, 2007

PANAJI (India), Sept 22: India will export a record 4 million tons of soymeal in the season beginning October as high freight rates have made it more competitive, a top industry official said on Saturday. It is likely to export 3.5 million tons in the year to September. China is emerging as a key market. Davish Jain, chairman of the Central Organisation of Oil Industry and Trade, said that nearly 800,000 tons of soymeal exports have already been contracted for the new season crop.—Reuters

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