The executive director of India’s Solvent Extractors Association (SEA) expects the country’s soymeal exports to fall 25 percent below earlier projections because of one significant development. Strong Rupee to Cut Indian Soymeal Exports The executive director of India’s Solvent Extractors Association (SEA) expects the country’s soymeal exports to fall 25 percent below earlier projections because of the appreciating Indian rupee, which has gained 5 percent in value thus far this year. B.V. Mehta now anticipates they will not exceed 1.5 MMT in 2016/17, down from earlier estimates of 2 MMT.Mehta said Indian soymeal is now priced at around $390/MT FOB versus South American prices of about $307/MT FOB. The decline in global soymeal prices has...