A 15-strong delegation from the Solvent Extractors’ Association of India met executives from more than 70 Vietnamese companies in HCM City in an effort to find new clients for oil meals (ground seeds) used in animal feed.
Ashok Sethia, SEA’s chairman, said the visit came in the wake of a recent fall in the consumption of oil meals in traditional Southeast Asian markets, especially Viet Nam. SEA is seeking to conduct a study on the demand for oil-meal products and quality requirements in the country.
It also wants to enhance ties and explore opportunities for co-operation with Vietnamese oilseed crushers and processors, vegetable-oil refiners, feed-processing plants, and importers of oil meals and oils. India is one of the leading suppliers of oil meals to Southeast Asia, selling soybean meal, rapeseed meal, groundnut meal and rice bran.
Speaking at the meeting, Vo Tan Thanh, director of the Viet Nam Chamber of Commerce and Industry in HCM City, said: "I believe this is a good chance for both parties to study, exchange information, and set up a long-term relationship based on mutual benefit."
[source: VietNam news]