India's imports of edible oil fell 19% in September from August's record as refiners curtailed purchases of palm oil by 26% after inventories jumped to a record, five dealers told Reuters. Lower purchases by the world's biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures. India's total edible oil imports in September fell to 1.5 million metric tons, including 830,000 tons of palm oil, average estimates from dealers show.
Lower purchases by the world s biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures.
India s imports of edible oil
fell 19% in September from August s record as refiners curtailed
purchases of palm oil by 26% after inventories jumped to a
record, five dealers told Reuters. . -October 04, 2023 at 03:22 am EDT
- MarketScreener
India s imports of edible oil decreased by 19% in September compared to August, as refiners reduced purchases of palm oil by 26% due to record inventories. The decline in edible oil imports could result in higher stocks of palm oil in Indonesia and Malaysia, affecting benchmark futures.
India’s imports of edible oil fell 19% in September from August’s record as refiners curtailed purchases of palm oil by 26% after inventories jumped to a record, according to five dealers.