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Indian animal-feed firms seek to expand
A 15-strong delegation from the Solvent Extractors’ Association of India met executives from more than 70 Vietnamese companies in HCM City on May 28 in an efforts to find new clients for oil meals (ground seeds) used in animal feed.
Ashok Sethia, SEA’s chairman, said the visit came in the wake of a recent fall in the consumption of oil meals in traditional Southeast Asian markets, especially Vietnam .
SEA is seeking to conduct a study on the demand for oil-meal products and quality requirements in the country.
It also wants to enhance ties and explore opportunities for cooperation with Vietnamese oil-seed crushers and processors, vegetable-oil refiners, feed-processing plants, and importers of oil meals and oils.
India is one of the leading suppliers of oil meals to Southeast Asia , selling soybean meal, rapeseed meal, groundnut meal and rice bran.
In the 12 months to March this year, Vietnam imported 1.5 million tonnes of oil meals from India , becoming the largest buyer in Southeast Asia , Thanh said.
Dr. Jitendra Nath Misra, the Indian consul general in HCM City , said India was becoming a significant investor in Vietnam with high disbursement rates, adding Vietnam was the top destination for Indian investments in Southeast Asia.
vietnamplus
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