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Forecast: in 2016/17 MG India will increase production and export of soybean meal
In its latest report, analysts of Oil World predicts the production of soybean meal in India in 2016/17 MG at the level of 6.09 million tons, against 4.42 million tons, expected by the end of this season, that may be the highest figure for the country over the past 3 years
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It is also noted that the pace of implementation of soybean by the Indian farmers and the price of meal in the domestic market will be the main factors that will affect margins for processors in the new season. In the case of growth margin refineries of the country that were idled last years, can be re-loaded.

As for the meal export from India to 2016/17 MG, it may increase to a three-year high of 1.4 (0,22) million tons. The prices of Indian soybean meal continues to substantially exceed the value of South American products. However, the expected reduction in soybean processing and export of soybean meal in South America could increase the demand for Indian products.



Translated by service "Yandex.Translation"
Источники: SoyaNews
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