India's August soybean oil imports from Russia surge 7x to 28,500 tons

India imported 28,500 tons of soybean oil from Russia in August 2026, a sevenfold increase from 4,000 tons a year earlier, per Indian Ministry of Commerce data. The jump suggests shifting trade flows amid ongoing geopolitical tensions, though the absolute volume remains modest relative to India's total vegetable oil imports. This could reflect price competitiveness or payment mechanisms, but the underlying drivers are not specified.

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