Tag: Palm oil imports in May jump 87% to six-month high in India

[ad_1] India’s palm oil imports in May surged to a six-month high, as lower inventories and the tropical oil’s discount to rival soyoil and sunflower oil prompted refiners to increase purchases, according to five dealers. Higher palm oil and soyoil imports by India, the world’s biggest buyer of vegetable oils, could support Malaysian palm oil […]

[ad_1] India halved the basic import tax on crude edible oils to 10% on May 31, 2025, to bring down food prices and help the local refining industry. File | Photo Credit: The Hindu India’s palm oil imports in May surged to a six-month high, as lower inventories and the tropical oil’s discount to rival […]