Palm oil imports rise 57% in March, says trade body
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Palm oil imports rise 57% in March, says trade body
Reuters / Apr 14, 2021, 14:22 IST
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Palm fruits being unloaded from a truck at a warehouse. India imported 526,463 tonnes of palm oil last month. (Representative image)
MUMBAI: India s palm oil imports in March jumped 57% year on year as refiners increased purchases of the tropical oil to reduce expensive sunflower oil imports, a trade body said on Wednesday.
The country imported 526,463 tonnes of palm oil last month, while soyoil imports eased by 3% to 284,200 tonnes, the Solvent Extractors Association of India (SEA) said in a statement.