| Date: |
11-06-2011 |
| Subject: |
Indian Vegoil Imports Seen Higher By More Than A Third |
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INDIA'S vegetable oil imports may have risen by 37% in May, the second straight monthly rise, as local supply dropped on depleting oilseeds stocks ahead of the summer planting season, a trend that is likely to continue next month, a Reuters survey showed today.
Palm oil imports, which account for the bulk of India's cooking purchases, are expected to have risen 50% in May over the previous month, according to a survey of eight traders.
Source : agra-net.com
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