The relationship between India and Argentina extends far beyond oil. A high-level delegation from Argentina’s Secretariat of Agriculture, Livestock, and Fisheries, along with the Rosario Board of Trade, visited New Delhi to enhance agricultural cooperation with India’s Department of Agriculture and the Department of Food and Consumer Affairs. The delegation also participated in Globoil 2025, the region’s most important vegetable oil congress, held in Mumbai.
Just two months ago, a delegation from India’s Ministry of Agriculture and Farmers Welfare (MoAFW) visited Argentina to deepen cooperation between the two countries. Earlier, in June, the Prime Minister of India had also travelled to Argentina to meet President Javier Milei, underscoring the growing partnership.
The bilateral relationship is flourishing, with both nations positioned as complementary powers working toward inclusive and sustainable development.
“We firmly believe that the vegetable oil sector, among others, can continue to serve as a pillar of mutual growth and cooperation in the years ahead,” said Mariano Caucino, Argentina’s Ambassador to India, at the opening of Globoil in Mumbai.
Highlighting Argentina’s role in global food security, he added: “In a turbulent market, Argentina remains the most reliable supplier of soft vegetable oils for Indian consumers. Distant from war conflicts, with strong productive capacity and consistent export performance, Argentina is India’s leading supplier of soybean oil and the third-largest supplier of sunflower oil.”
Agustín Larralde, Director of Market Planning & Analysis of Agri-Food Markets & International Insertion of Argentina, noted that Argentina is experiencing a positive phase in vegetable oil production. “In the 2023/24 season, soybean oil production reached 8.7 million tons, the highest in the past decade, with promising prospects for the upcoming planting season,” he said.
Supporting this outlook, Bruno Ferrari, Economist at the Economic Studies Department of the Rosario Board of Trade (BCR), highlighted Argentina’s export surge. Between January and July 2025, Argentina shipped 2.1 million tons of soybean oil and 0.42 million tons of sunflower oil to India, a record in more than a decade. “This confirms India’s relevance as a trade partner for Argentina’s vegetable oils and reinforces our role as a long-term reliable supplier in view of India’s future consumption trends,” he added.
Acknowledging India’s efforts to boost self-reliance under the Atmanirbhar Bharat initiative, the Agri-Industrial Attaché of the Argentine Embassy in India affirmed: “Argentina will continue to cooperate and meet India’s demand whenever needed; the two countries share a strategic relationship.”
