Argentina will increase export of soybean oil

According to Oil World, in May India increases the purchases of soybean oil, which allows Argentina to raise its export up to 570 000 tonnes from 520 000 tonnes in May 2016.

Since the beginning of the month, India has purchased at least 410,000 tonnes of soybean oil from Argentina (228,000). Supplies to Peru rise up to 47,000 tonnes (31,000), Iran to 35,000 tonnes (0), Bangladesh and other Asian countries. For Pakistan, there are no deliveries compared to 30,000 tonnes in May 2016.

North African countries bought 21,000 tonnes of soybean oil from Argentina (69,000) during the month.

During the period March - May 2017, Argentina will export 1.65 mln. tonnes of soybean oil (1.59).