India’s edible oil imports down 19% in September

India’s total edible oil imports in September fell to 1.5 million tonnes, including 830,000 tonnes of palm oil, average estimates from dealers show. — Reuters

MUMBAI: India’s imports of edible oil fell 19% in September from August’s record as refiners curtailed purchases of palm oil by 26% after inventories jumped to a record, according to five dealers.

Lower purchases by the world’s biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures.