Cooking-Oil Imports by India Set to Climb as Palm Oil Slumps
This article is for subscribers only.
Cooking-oil imports by India, the world’s largest consumer after China, probably jumped for a second month in September as the biggest monthly slump in palm oil prices in four years spurred demand from refiners.
Purchases rose 4 percent to 950,000 metric tons last month from 912,341 tons a year earlier, according to the median estimate in a Bloomberg survey of five processors and brokers. Imports of crude and refined palm oils increased 8 percent to 750,000 tons from 692,200 tons, the survey showed. The Solvent Extractors’ Association of India will publish data on Oct. 15.