| Date: |
15-03-2012 |
| Subject: |
Vegoil imports jump 59 pct in February on YoY basis: Survey |
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MUMBAI: India imported 875,649 tonnes of vegetable oils in February, up 59 percent from a year earlier and higher than the average expectations in a Reuters survey, data released by a leading trade body showed on Wednesday.
India, the world's No. 1 importer of cooking oils, buys mainly palm oil from Indonesia and Malaysia and a small quantity of soyoil from Argentina and Brazil.
A Reuters survey had forecast average vegoil imports of 843,833 tonnes in February.
The imports in February were higher than 659,979 tonnes imported in January.
Source : economictimes.indiatimes.com
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