Iran buys more Indian soyameal
Tehran - Arabstoday
India sold up to 275,000 tonnes of soyameal to Iran in recent weeks, helping to boost prices to record highs of $505 to $510 a tonne, free-on-board, traders said on Friday. Indian exporters are negotiating more deals and there are expectations that soymeal contracts for 200,000 to 250,000 tonnes more will be signed in the coming weeks. “Indian meal is now out of reach for most buyers in Asia because of the Iranian demand,” said one Singapore-based trader. “Indian soymeal is more expensive on FOB basis than what it costs to get Argentine meal delivered into Asia.”
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