date:Nov 28, 2013
A lack of supplies domestically has halved soybean crushing and farmers are holding back in the hope that local prices will stay high, said a spokesman with India's largest soymeal exporter, Ruchi Soya Industries Limited.
Right now our soybean prices are high, we are not competitive in the world market. Even at this price some farmers are not willing to sell, SOPA's Agrawal said.