India can become a key supplier of food by Colza to China if Beijing facilitates its strict commercial restrictions on the product, cordination to the Association of Solvent Extractors of the body of the India Industry (Sea).
Colza food shortage in the European Union has promoted the highest significant global prices. China, an important consumer, the current imports the animal feed rich in proteins mainly from Canada and the EU.
“Given the current supply limitations and the increase in prices, India has a renewed opportunity to explore and recover its lost participation in the Chinese market,” he said based in Mumbai in a statement.
The Indian Colza food is currently put in USD 209 per ton free together with the ship (FAS) in the port of Kandla, substantially that the USD 335 per ton that ex -hamburg is cited in the international market.
“Encourage this opportunity could not only boost Indian exports, but also help stabilize prices in the international market,” he added.
India, the third largest colla producer in the world, historical exported more than 2 million tons of food per bull annually.
However, China has represented less than 1 percent of that volume due to high prices and previous commercial restrictions.