India Turns To China, Buys Record Amounts Of Soy Oil For Domestic Need - IndiaWest Journal News
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India Turns To China, Buys Record Amounts Of Soy Oil For Domestic Need - IndiaWest Journal News
India-West News Desk MUMBAI – In a surprising shift in trade dynamics, India has purchased a record 150,000 metric tons of soy oil from China, marking an unusual move away from its traditional suppliers in South America. The purchases, set for delivery between September and December, were driven by sharp price discounts as Chinese exporters sought to offload excess inventory, trade sources said. India, the world’s largest vegetable oil importer,…
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