India may increase soybean meal exports

Increased concerns over the Brazilian soybean crop have raised prices for soybean meal, leading to potential increased exports from India. Higher demand for Indian meal has also been seen due to rising prices for American meal on the CBOT exchange. Indian traders have already secured contracts to supply 300 thousand tons of soybean meal to Bangladesh, Iran, Nepal, and Vietnam, and it is expected that increased exports could lead to higher soybean crushing and soybean oil supply in India, potentially reducing the country's imports of soybean and palm oils.