A delegation of animal feed suppliers from India will join a seminar in Ho Chi Minh City on Wednesday to meet potential local importers and producers and establish future business relationships.
They are on a fact-finding trip to explore new opportunities in the Southeast Asian market, which imported $4 billion worth of animal feed and raw materials last year.
Those Indian suppliers are the members of the Solvent Extractors’ Association of India (SEA), an apex body of the solvent extraction industry in India with over 850 members comprising manufacturers, processors and exporters in the South Asian country and abroad.
Their main job is to process oil cakes, oil seeds and rice bran in modern solvent extraction plants, and to produce the extractions or meals of rapeseed, soybean, groundnut, copra, de-oiled rice bran, sal seed, cottonseed, sesame seed, mango kernel, safflower seed and sunflower seed.
Those animal feed products, which have passed strict quality control tests, can be used for poultry and cattle as they contain high nutritional value with a protein content ranging between 15 percent and 50 percent, said SEA.
The fact-finding trip and the seminar are held to strengthen relations with end users of Indian De-oiled Meals in the Far East countries and to explore new markets for oil meals, according to the SEA.
They are also meant to undertake on-the-spot studies on overall demand and to understand quality requirements of oil meals by end users, they added.
It will offer both Indian and local firms a chance to study the overall feed industry, the supply and demand of feed ingredients and to enhance mutual co-operation between suppliers and importers.
India is one of the world’s leading oil seed producers with total production currently standing at over 30 million tons per annum.
Indian exports account for over 5 million tons of oil meals annually.