India Scraps More South American Soy Oil Cargoes as Rupee Slumps

India, the world’s largest vegetable oil buyer, canceled more soybean oil shipments from South America as the rupee’s slump to a record low widened the price gap between local and...

By Anuradha Raghu, Pratik Parija · Bloomberg

India, the world’s largest vegetable oil buyer, canceled more soybean oil shipments from South America as the rupee’s slump to a record low widened the price gap between local and imported oil.