India‘s palm oil imports sank to a 27-month low in May as buyers cancelled expensive cargoes of the edible oil and replaced them with cheaper soyoil and sunflower oil, six dealers told Reuters on Tuesday. Palm oil imports by India fell to 441,000 tonnes last month, down 14% from 510,094 tonnes in April, according to … Read more
India saw more than two-and-a-half times increase in import of refined palm oil at 17.12 lakh tonne in the last 11 months due to lower prices in Indonesia, industry body SEA said on Thursday. The country had imported 6.28 lakh tonne of refined palm oil (RBD palmolein) in the year-ago period. The oil year runs … Read more
India’s palm oil imports in May are set to rise above 600,000 tonnes despite the restriction imposed by Indonesia on exports as most of the contracted quantity will be loaded before Jakarta’s ban becomes effective, traders told Reuters. The world’s biggest palm oil exporter plans from Thursday to stop shipments of refined, bleached and deodorized … Read more