India's edible oil imports reached a record high in July, increasing 26% due to higher palm and soy oil purchases.

India's edible oil imports reached a record high in July, up 26% from the previous month, due to increased purchases of palm oil and soy oil. Palm oil imports are projected to surge 45% to 1.14 million metric tons, while soyoil imports are expected to rise 45% to 400,000 metric tons. This will help reduce inventories in top producers Indonesia and Malaysia, supporting benchmark prices.

July 24, 2024
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