NEW DELHI: India's vegetable oil imports soared 27 percent from a month ago to an all-time high in January on purchases of cheap palm oil, a trade body said, raising the prospect for further curbs on cheap imports from Indonesia and Malaysia.
India, the world's top vegetable oil importer, could buy as much as 11 million tonnes in the year to October - well above recent averages of 8-9 million tonnes - if the government does not restrict palm oil imports, the head of the top industry body said on Thursday.
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