MUMBAI, - Around 11,000 metric tons of Niger-origin soybeans bound for India were diverted to other Asian markets and sold at steep discounts as a widening customs probe into suspected import tax evasion deterred Indian buyers, four trade sources said on Thursday.
After being diverted at sea, the soybeans were sold to buyers in Vietnam, Indonesia and Bangladesh at prices between $470 and $510 per ton, compared with more than $650 per ton agreed by Indian buyers, who refused to take delivery after customs authorities stepped up scrutiny, the sources said.
