23:13, 15.09.2009 — Новости
автор: OilWorld.Ru

DJ India''s Soymeal Exports To Remain Weak Next Year -Exec


MUMBAI (Dow Jones)--India's soymeal exports in the marketing year starting
Oct. 1 may remain weak as improved output in other key producing nations
increases supplies, a senior official with Ruchi Soya Industries Ltd.
(500368.BY) said Tuesday.

"A good harvest in Brazil and Argentina is likely to hurt demand for Indian
soymeal next year," Vishal Sharma, manager of the company's international
business told reporters. He didn't provide any numbers.

India's soymeal exports during the October-August period have fallen 37% from
a year earlier to 3.04 million metric tons, according to the Soybean Processors
Association of India.

India's soybean output next year is likely to be better than this year due to
late rains in major growing areas, Sharma said.

The country last year produced 9.90 million tons of soybeans, according to
latest government estimates.

Analysts expect India's soybean crop next year to be around 10 million tons.

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