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India soybean imports at record as domestic supply tightens: sources

Reuters  |  SINGAPORE 

By Naveen ThukralSINGAPORE (Reuters) - India's soybean imports have hit a record high this year and more buying is expected as domestic supplies tighten following lower production last year, two trade sources said on Tuesday.Traders have signed deals to sell up to 100,000 tonnes of soybeans to India since December, shipping mainly from the African countries of Ethiopia and Benin with which the South Asian nation has concessional import duty agreements.India's soybean imports have never previously approached 100,000 tonnes, the two sources said.The deals were signed at $450 to $520 a tonne ...

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First Published: Tue, March 13 2018. 11:21 IST