Inbound shipments could rise to as much as 725,000 tonnes this month as traders and refiners replenish stockpiles to meet rising demand, according to G G Patel, managing partner of GGN Research.
KUALA LUMPUR: Palm oil purchases by India, the biggest importer from Malaysia, are likely to climb in October from a three-month low as Deepavali, the Hindu festival of lights, drives up demand for the world’s most-consumed vegetable oil.
Inbound shipments could rise to as much as 725,000 tonnes this month as traders and refiners replenish stockpiles to meet rising demand, according to G G Patel, managing partner of GGN Research.
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