Soya bean oil refiners benefit from Us-china tariff war
Soya bean oil refiners say the trade war between the United States and China could bring opportunity for Bangladesh to import low cost soya bean from the US as the price of the item has started to fall after China imposed tariffs on $34 billion worth of US products, including soya beans and cotton. The prices of US soya beans started falling due to decline of China’s purchases while the prices of the item jumped in the Brazilian market due to Chinese import. Bangladesh imports crude soya bean oil mostly from Brazil and Argentina while the US mainly exports soya beans. Companies crushing beans can benefit from lowers prices of the items in US.