India's Crop Failure to Keep Vegetable Oil Imports Near Record
- Oil World sees Indian vegetable oil imports at 14 million tons
- Dry weather means oilseed crop faces second year of failure
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India will keep its imports of vegetable oils near a record next season because dry weather may lead oilseed crops to fail for a second year, according to researcher Oil World.
The country, already the biggest palm oil buyer, will need to bring in about 14 million metric tons in the season starting next month, the Hamburg-based industry analyst said in a report. That’s near the record 14.1 million tons imported this season and about 20 percent more than the year before that.