India's palm oil imports rose 12.4% in May to a four-month high of 769,000 metric tonnes due to price drops.
India's palm oil imports surged 12.4% in May, hitting a four-month high at 769,000 metric tonnes, due to price drops. This increase could support Malaysia's palm oil futures, which reached their lowest level in over three months. As the world's largest importer of vegetable oils, India's continued demand may keep imports strong in June, with 750,000 tonnes expected.
June 04, 2024
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