| The Indo- Pak bonhomie is not restricted to cricket alone and has extended to trade with Pakistan emerging as a leading buyer of Indian soyameal, whose exports may touch one lakh tonne this season.
|
| |
| An 8,000 tonne consignment was contracted last fortnight for around $ 328-330 a tonne for (free on rail) delivery at Attari, market sources told PTI.
|
| |
| “It is a win-win situation for both the countries. While India gets export orders, for Pakistan its cost-effective, deliveries are timely and quality is good”, chairman, Soyabean Processors Association of India (SOPA), Rajesh Agarwal, said.
|
| |
| He said exports have already crossed 50,000 tonnes and business with Pakistani counterparts continues on the back of buying interest.
|
| |
| G D Bhatt of Ruchi Soya industries, however, said around 75,000 tonnes have already been traded and exports to Pakistan this year could be around one lakh tonnes.
|
| |
| He said not only was it cheaper for Pakistan to buy from India, even the quality was much better with 48 per cent protein content against 44 per cent in the South American produce.
|
| |
| It is also advantageous for the Indian traders as they do not need to take bank credit since the entire transaction takes place in a space of few days.
|
| |
| “Against 40 days taken by a shipment from a South American port to Karachi, the consignment from Madhya Pradesh to Attari will take only four days”, Bhatt said.
|
| |
| Traders said Indian produce will be at least $ 30 a tonne cheaper from the soyameal Pakistan buys from Argentina. |
| |
|
| |
Content Guide
