Cooking Oil Imports by India Jump on Growing Demand, Lower Price
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Cooking oil imports by India, the world’s second-largest buyer, climbed for the fourth straight month because of rising consumption and declining global prices, keeping reserves at a record.
Purchases of vegetable oils, including for industrial use, advanced 23 percent to 896,714 metric tons in March from 727,706 tons a year earlier, the Solvent Extractors’ Association of India said in an e-mailed statement today. Crude palm oil imports almost doubled, it said.