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.
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