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India has announced that it will resume rapeseed meal exports to China, after Beijing agreed in principle to lift a ban that it had imposed last year citing traces of a hazardous chemical, an industry source said
Vijay Data, president of Solvent Extractors’ Association, noted, “China has agreed in principle to re-open the Chinese market for Indian rapeseed meal.”
The move to re-open the Chinese market was proposed during the visit of Chinese Premier Li Kegiang on his visit to New Delhi recently. The move is expected to help stem a fall in rapeseed meal exports from India, Asia’s top rapeseed meal exporter.
India’s Trade Ministry is drawing up the finer details to be followed for exports to China, the country’s No. 2 consumer for rapeseed meal prior to the ban, Data said.
India’s rapeseed meal exports in 2012-13 fell 14.3 per cent from a year earlier to 4.8mn tonnes due to the ban and a drop in demand from traditional buyer Japan.