Exclusive-India buys record Argentine soyoil volume after export duty scrapped, sources say

MUMBAI (Reuters) -India purchased 300,000 metric tons of soyoil from Argentina during Tuesday and Wednesday, the largest ever purchase in a two-day period, dealers said, taking advantage of Buenos Aires' move to scrap export taxes on soybeans and other food products. The aggressive purchases will help Argentina cut its soyoil stocks, but could also mean fewer palm oil shipments from Indonesia and Malaysia to India. The volume bought in such a short period is unprecedented, said a New Delhi-based dealer with a trade house, as traders largely ignored palm oil.