date:Sep 22, 2013
s expected to provide a reprieve to the local central bank in its policy making.
This has narrowed the spread between Indian and South American soymeal prices to around $20 a tonne from $35 a tonne last week.
Indian soymeal is still attractive but the firming rupee has eroded its attractiveness, said another Singapore-based grains trader. Buyers will still take Indian meal but sales might slow down.
Asian grain buyers are keeping a close watch on U.S. corn and soybean harvests, which are like