Soybean OilSoybean oil is the one of the most
important edible oil used in India. After palm oil, soybean oil in in its crude
form is the most traded oil in international market. The soybean are crushed
to obtain oil and its meal. The oil content in soybeans in normally 18%. Soybean
oil is basically used in cooking as edible oil. Though U.S. is the biggest producer
of soybeans in the world, Argentina leads the export charts for oil and meal.
The major other producer is Brazil. India's major import of crude soybean oil
is from Argentina and Brazil. The futures market in India for soy oil was
active but with the misinterpretation by authorities for influence of future markets
on its spot price, it was banned few months back. Ironically, the day futures
ban was put on it, the soybean rose by 5% due to gap of future information. The
ban is expected to be lifted and soon the futures trading may start in soybean
oil. India is a biggest importer of edible oil in world and soy oil import
is next only to palm oil in country. Though the export is negligible it is prohibited
for now. The soybean oil Cbot movement and prices of palm oil has the biggest
influence on the prices in Indian market. Soybean Oil Prices(Indicative Commodity
Prices in US$ PMT India) | 
