Palm oil imports could jump to 4-year high on lower prices: Industry official
India’s palm oil imports could jump 16% in 2022-23 to a four-year high of 9.17 million tonnes, as consumption is set to jump after two years of contraction due to Covid-led lockdowns, a senior industry official told Reuters on Tuesday.Higher purchases by the world’s biggest importer of vegetable oilscould lend further support to palm oil […]
India likely to import 14.37 mt veg oil in 2022-23: IVPA chief
India is likely to import around 14.37 million tonne (mt) of vegetable oil during the current oil year (October 2022-September 23) against 14.07 mt in 2021-22, according to Sudhakar Desai, President of the Indian Vegetable Oil Producers’ Association (IVPA).Presenting a paper on “Indian palm oil outlook and its impact on prices” at UOB Kay Hian […]