Palm Imports by India Climb to Highest This Year as Prices Slump
This article is for subscribers only.
Palm oil imports by India, the world’s largest buyer, increased in April to the highest level this year after prices tumbled to a seven-month low.
Inbound shipments of crude and refined palm oil rose 7.5 percent to 718,091 metric tons from March, the Solvent Extractors’ Association of India said in an e-mailed statement. That compares with the median estimate of 700,000 tons in a Bloomberg survey. Total vegetable oil imports, including for industrial use, rose 4.4 percent to 1.1 million tons, it said.