Major Turmoil in the Edible Oils Market
26-Aug-2025 08:44 AM
Major Turmoil in the Edible Oils Market
★ Several new developments have emerged in the current season.
★ The global edible oils and oilseeds market is witnessing significant volatility.
★ Many countries have imposed export duties.
★ Due to tariff wars, several nations are in conflict, and India has not remained untouched.
★ India has started importing soybean oil from China, and after a long gap, also imported sunflower/canola oil.
★ Observing India’s rising imports from China, Argentina reduced its soybean oil prices.
★ Recently, the U.S. had signed deals to import 150,000 tons of soybean oil from China, but once Argentina lowered prices, those deals started being canceled.
★ Under the SAFTA agreement, Nepal is also exporting edible oils to India.
★ From October 2024 to July 2025, Nepal exported 520,000 tons of oils to India, of which 403,000 tons were soybean oil.