Adani Sees Record India Cooking Oil Imports as Demand Surges
This article is for subscribers only.
Cooking oil imports by India, the world’s biggest palm oil buyer, will probably climb to a record this year as demand outstrips supplies, said Adani Wilmar Ltd.
Purchases in the year through October are set to exceed the 9.98 million metric tons in 2011-2012, according to Atul Chaturvedi, chief executive officer of the country’s second-biggest importer that’s 50 percent owned by Wilmar International Ltd. Buying surged 26 percent in the three months through January, the Solvent Extractors’ Association of India estimates.