India's 2015/16 palm oil imports set for smaller gain vs soyoil

  • Palm Oil
  • Tuesday, 29 Dec 2015

KUALA LUMPUR: India's palm oil imports will rise marginally in the year to October 2016 from current record highs as the commodity's discount to soyoil narrows on output worries, making it less attractive for buyers in the world's top edible oils consumer.

Palm oil prices have been outperforming soybean oil since August, gaining about 8 percentage points more on a threat to yields from what analysts have termed a "monster" El Nino weather pattern. Plentiful world soybean supplies have further tightened the price spread.

Palm Oil , Plantations