From Buenos Aires to India’s Kitchens: Record Soyoil Import Deal Marks Strategic Shift

In a significant development in the edible oils market, India has made a record purchase of 300,000 metric tons of soyoil from Argentina over just two days this week, marking the largest ever such acquisition in a short span. This deal, for shipments scheduled from October 2025 to March 2026, comes after Argentina temporarily scrapped export taxes on soybeans and other farm products to boost overseas sales and attract US dollars amid its weakening currency.

 

Key Highlights:

This aggressive buying move by Indian traders reflects a strategic shift favoring soyoil over palm oil, influenced by favorable pricing and supply dynamics following Argentina’s export tax suspension. The trend is likely to influence global edible oil markets and India’s import patterns in the coming months.

 

Source: Reuters, Economic Times