India outpaces China as top soy oil importer

ndia has sprinted past China as the world’s top importer of soybean oil, according to USDA.


  • Indias large population and rising incomes, along with its low soybean yields and a decrease of its soy oil tariffs have all been factors that increased its soy oil imports.

  • India has sprinted past China as the worlds top importer of soybean oil, according to USDA.

  • India surpassed China in 2013/14 as the worlds largest importer of soybean oil as China expanded its crushing industry and began to focuson raw soybean importsfor processing into meal and oil, according to a report by USDA.

  • Indias large population and rising incomes, along with its low soybean yields and a decrease of its soy oil tariffs, have also factored into the country'sincreasingsoy oil imports, according to the USDA report.


Here are some other news items:credits to u-sr33


I'm a bot | OP can reply with "delete" to remove | Message Creator | Source | Did I just break? See how you can help! Visit the source and check out the Readme

/r/india Thread Link - agweb.com