KONTAN.CO.ID - MUMBAI. India's palm oil imports in February dropped 30% from January to their lowest in 8 months on weak demand amid build-up in stocks because of excessive imports during November-January, a leading trade body said on Wednesday. The reduction in palm oil imports by India, the world's biggest importer of vegetable oils, could weigh on Malaysian palm oil prices. India's palm oil imports fell to 586,007 tonnes last month, the lowest since June 2022, Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement.
Top Palm Oil Buyer India's Feb Imports Drop to 8-Month Low
KONTAN.CO.ID - MUMBAI. India's palm oil imports in February dropped 30% from January to their lowest in 8 months on weak demand amid build-up in stocks because of excessive imports during November-January, a leading trade body said on Wednesday. The reduction in palm oil imports by India, the world's biggest importer of vegetable oils, could weigh on Malaysian palm oil prices. India's palm oil imports fell to 586,007 tonnes last month, the lowest since June 2022, Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement.