India’s palm oil imports may jump to record as prices fall

MUMBAI: India’s palm oil imports in 2018/19 are likely to jump a tenth from a year earlier to a record high as a sharp fall in the prices made the tropical oil more attractive for buyers than rival soyoil and sunflower oil, industry officials told Reuters.

Higher purchases by the world’s biggest edible oil importer could support palm oil prices that are trading near their lowest level in three months.