The biofuels industry gets a lot of attention for influencing vegetable oil prices but growing human consumption has its role as well. The largest importer for vegetable oils as food is India and its  population is reaching par with that of China. In addition to population growth, India is the fastest growing large economy in the world. More people with more income means that India will eventually consume food like the Chinese. However, India has nearly five times as many vegetarians as China and so its dietary composition is different.  In lieu of meat, India’s consumers will demand more vegetable oil and plant proteins like peas, lentils, and beans. Right now, the Chinese are consuming nearly 50 percent more vegetable oil...

TAGS – Soy & Oilseeds, India