Soya bean oil re­fin­ers ben­e­fit from Us-china tar­iff war

Maritime Gateway - - International News -

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.

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