Agriculture sector binds India-Argentina partnership
Argentine Ambassador Mariano Caucino highlighted the growing economic relationship between Argentina and India during a summit in Mumbai. Agriculture, particularly edible oils, serves as a core area of cooperation between the two countries. Argentina is experiencing record supplies of edible oils, significantly contributing to India's food security. In 2025, exports of soybean oil and sunflower…
Argentine Ambassador Mariano Caucino has stated that the economic relationship between India and Argentina, particularly in the agriculture sector, is set to expand. Argentina is India's primary supplier of edible oils, making agriculture a core area of economic cooperation. The ambassador highlighted that India has become Argentina's sixth-largest partner, with the bilateral economic relationship reaching $6.5 billion in 2025.
Caucino emphasized the importance of shared values and national interests in strengthening this relationship over the past seven to eight years. He noted that the bilateral relationship was elevated to a Strategic Partnership in 2019, leading to a significant increase in economic relations, surpassing $6 billion.
Argentina's agribusiness sector, known for its leadership in exports of soybean and sunflower oils and by-products, is a key strategic sector. In the 2025-26 crop year, Argentina's soybean production reached 49.7 million metric tons, and sunflower seed production hit a record 7.4 million metric tons. The ambassador highlighted Argentina's significant exports, with soybean oil reaching $3.712 billion and sunflower complex exports totaling $788 million in 2025.
India, as the world's top importer of vegetable oils, played a crucial role in this relationship. In August, India imported 1.57 million metric tons of edible oils, including 628,736 metric tons of soybean oil, setting a record. In response to India's reduced import tariffs, Argentina lowered tariffs on basic crude sunflower oil to zero and reduced tariffs on soybean and palm oils.
The Argentine ambassador praised Argentina's high sanitary and quality standards, well-established systems for production traceability, and highly qualified human resources, positioning Argentina as a reliable and secure supplier of food globally. This combination of Argentina's expanding production, processing, and export capacity, along with India's reduced trade barriers, presents a perfect scenario to deepen commercial ties, particularly in higher-value-added products, benefiting both nations' economic interests.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
