“Soyabean prices have been low as the crushing of our own crop was less due to higher imports of cooking oils. Low import duties and low prices in the international markets led to a substantial increase in the import of cooking oils,” said BV Mehta, executive director, the Solvent Extractors’ Association (SEA).
Most Asian stocks rise amid thin holiday trading
Japan’s Nikkei 25 Stock Average advanced for a second day, with retail shares rising after a travel pact was agreed with China. Australia and Hong