Reuters exclusively reports India’s palm oil imports surge after duty cut

Reuters reported exclusively that India’s palm oil imports in September more than doubled from a year ago to a record […] The post Reuters exclusively reports India’s palm oil imports surge after duty cut appeared first on Reuters News Agency.

Reuters exclusively reports India’s palm oil imports surge after duty cut

Reuters reported exclusively that India’s palm oil imports in September more than doubled from a year ago to a record 1.4 million tonnes as buyers increased purchases of refined palm oil ahead of key festivals and to take advantage of newly lowered duties. Higher purchases by India, the world’s biggest buyer of vegetable oils, could support palm oil prices that are trading near a record high. 

The post Reuters exclusively reports India’s palm oil imports surge after duty cut appeared first on Reuters News Agency.