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Soyoil Import
February 21 , 2022
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- Due to limited supply from drought-stricken South America, Indian exporters have arranged to import a record 100,000 tonnes of soyoil from the United States.
- India is the world’s largest edible oil importer.
- It generally buys soyoil from Brazil and Argentina.
- But this year’s low bean output in these two leading producer countries has forced India to sign a contract with the producers from the United States for import of the oil.
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