India Importing Record Volume of Soybeans High domestic soybean prices in India coupled with a smaller domestic crop in 2017 is causing processors in that country to import a record volume of soybeans this year. Reports indicate Indian firms have contracted to import up to 100,000 MT since December with the 2017/18 total likely reaching 200,000 MT. The soybeans are said to be primarily sourced from Ethiopia and Benin because those countries have preferential access to that market. India’s most-favored nation (MFN) tariff rate is 30 percent, and it does not allow the importation of GM soybeans. Traders expect soybean imports to continue growing in the future. It is doubtful that the soybeans supposedly sourced from Ethiopia ad Benin...