Mumbai: Adani Wilmar, the second-biggest edible oil importer in the country, aims to double its soymeal exports to 1.2 million tonnes in 2010/11 on higher availability of seeds.
“Certainly, we will export more soymeal in 2010/11, last year we had exported 500,000 tonnes. This year we will export 1.2 million tonnes,” Pranav Adani, managing director told reporters on Thursday.
The company has so far contracted to export 200,000 tonnes of soymeal from the new crop.
Soybean crop in central India is in a good shape and India is likely to produce over 10 million tonnes, he said.
Adani Wilmar may import 1.5 million tonnes of edible oil in the financial year.