NEW DELHI: Palm oil purchases by India probably rose for a ninth month as traders and processors increased shipments to meet an expected surge in demand during festivals.
Imports jumped 15% to 800,000 tonnes in September from a year earlier, according to the median of estimates from five processors and brokers compiled by Bloomberg. Total vegetable oil purchases, including those for industrial use, climbed 11% to 1.16 million tonnes, the survey shows.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
