NEW DELHI – Palm oil imports rate in India for two month in a row of this December due to the increasing of soybean production, said the well-known trading company.
Cited from Business Recorder, on Friday (12/12/2014), Chief Executive from Mumbai based in Sunvin Group, Sandeep Bajoria, said the purchasing of palm oil in India, which is recorded as the top importer in the world, probably reached only 775,000 tons.
Data from Solvent Extractors Association (SEA) shows on Friday, on last November, first marketing month of this year, palm oil import decreasing by 8 per cent to 796,587 tons compared by October.
Crude palm oil (CPO) price in Malaysian Exchange futures market down for the last five years, due to the higher of unsold stocks over two manufacturers. (T3)
