Feb
17
India’s soymeal exports to soar as drought trims Argentine supply
Soymeal exports from India are increasing sharply as drought has hit output from top exporter Argentina, with 500,000 tonnes likely to be shipped from the South Asian country in February and March combined, three exporters said. The drop in Argentina’s output has driven up the South American producer’s prices, making Indian soymeal more competitive. India’s exports in the first four months of the 2022/23 marketing year, which began on Oct. 1, surged 65% to 631,000 tonnes, nearly matching the 644,000 Read Full Details…