With the trade conflict between China and the U.S. snowballing, exporters from India, particularly of soybean meal, are eyeing opportunities that they might land with in the neighbouring country reports FnB News.
Recently several soybean processing plants in India were inspected by authorities for preparedness in case of export opportunities to China.
For the last six years, Chinese authorities have banned the import of soybean meal from India on the basis of non-compliance with food safety norms.
With the U.S.-China trade war escalating, however, China is eyeing other countries, including India, to source its requirements.
On average, India produces 7 to 7.5 million tonne of soybean meal yearly and presents an advantage since the grain can reach China within a week’s time.
