PALM oil purchases by India will probably jump almost 11% this year, with a relatively faster rise in prices of competing cooking oils prompting some users to switch to the tropical oil.
Imports of palm oil by the nation, where consumption of fried foods generally surges during festivals, wedding seasons and long holidays, may climb to 8 million tons in the year ending in October, according to the median of six estimates in a Bloomberg survey of traders, analysts and importers.
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