The agreement will increase soybean oil shipments from China to India while opening the Chinese market to more Indian mustard and soybean meal exports.
The new system allows farmers to apply online for duty-free export access while grain markets continue to adjust to weaker corn demand.
India’s soybean imports rose sharply in May as high domestic prices pushed buyers to source non-GM supplies from African countries, creating new opportunities for exporters across the continent.
Ghana has opened talks with Thai investors as it seeks fresh capital, industry knowledge, and processing capacity to support its goal of achieving palm oil self-sufficiency.
New budget measures aim to support local oilseed farmers and processors while cutting the country’s edible oil import bill.