Customs Probe Diverts Niger Soybeans to Asia
An Indian customs investigation into suspected import tax evasion has forced traders to divert Niger-origin soybean shipments to other Asian markets. The cargoes were sold at steep discounts in Vietnam, Indonesia and Bangladesh after Indian buyers refused delivery.
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Customs scrutiny in India forced the diversion of 11,000 metric tons of Soybeans originating from Niger to other Asian markets at steep discounts, trade sources said Thursday. The shipments were redirected after Indian buyers refused delivery over suspected tariff evasion investigations.
