India is likely to export 4-5 lakh tonne of soymeal and rapeseed meal this year following China’s decision to cut import tariffs on soybean and some other goods from India. China’s cabinet has announced it will reduce tariffs on soybean imported from India, South Korea, Bangladesh, Laos, and Sri Lanka from the current three per cent to zero amidst a looming trade war with the US. The exports is likely to go up to 4-5 lakh tonnes, 2-3 lakh tonne soymeal and 2-3 lakh tonne rapeseed meal. India also presents a logistic advantage as the oilmeals can reach China in 5-6 days.