India Buys Record Soy Oil From China In Rare Move

INDIAN IMPORTERS HAVE bought a record 150,000 metric tons of soyoil from China in rare purchases, as a supply glut prompted Chinese crushers to sell at a discount to India's traditional suppliers from South America, four trade sources said.

- RAJENDRA JADHAV

The exports to India will help Chinese crushers cut inventories that surged after the country's soybean imports hit a record peak in May, boosting processing and stockpiles while demand slowed. China is the world's biggest importer of soybean.