Topic
soybean oil
Commodities Indian edible oil imports plunge 30% in June as palm and soybean oil shipments fall
India's edible oil imports dropped 30% in June 2026 to 11.11 lakh tonnes, driven by a collapse in palm oil and soybean oil shipments. The decline reflects vanishing price discounts and global biofuel mandates, according to the Solvent Extractors’ Association of India.
Commodities India's 2026-27 cotton carry-forward stocks seen 42% higher at 85 lakh bales on import surge
India's cotton carry-forward stocks at the start of the 2026-27 season are projected to rise 42% to over 85 lakh bales, driven by higher imports following the government's import duty exemption. The Cotton Association of India (CAI) reports imports of 43.5 lakh bales by end-May 2026, with total imports expected to reach 60-65 lakh bales. Despite price parity, textile mills prefer imported cotton due to 4% higher yarn realisation and a ₹7/kg premium on yarn.
Trade Soybean Oil Competitive in 2027 as Argentina Plans Export Tax Cuts
Argentina will gradually reduce export taxes on soybean and soy byproducts from January 2027 to December 2028, improving competitiveness for major importers like India. The US Department of Agriculture (USDA) reported the plan, announced by President Javier Milei on May 21 and published in the Official Bulletin on June 3, 2026. The cuts aim to support soybean cultivation and could benefit India, which imports around 2.5 million tonnes of soybean oil from Argentina annually.