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Temporary closure of hotels, restaurants the reason
KUALA LUMPUR: Crude palm oil futures advanced to the highest level in more than two weeks, buoyed by a recovery in demand from top buyers India and China, which may reduce global stockpiles.
KUALA LUMPUR: The palm oil market is set to miss out on a key high demand period in 2020 as coronavirus-driven lockdowns during the Muslim holy month of Ramadan dent demand in key importing countries such as India, Pakistan and Bangladesh.
NEW DELHI: India's palm oil imports from Malaysia have turned negligible, according to the most recent monthly data released by a trade group.
India, the world’s largest edible oil buyer, has reportedly imposed import restrictions on refined palm oil and instructed traders to avoid palm oil-related purchases from Malaysia following a recent misunderstanding between the two countries’ governments.
MUMBAI: India's palm oil imports in 2019/20 are likely to rise 2% from a year earlier to a record high as consumption in the world's biggest edible oil buyer will expand more rapidly than local supplies, a leading industry analyst said on Wednesday.
MUMBAI: India's palm oil imports jumped 65% in May from a year earlier as oversees purchases of refined palm more than doubled due to lower import duty and a drop in prices, a leading trade body said on Friday.
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.
MUMBAI: India's palm oil imports in February dropped 1.1 percent from a year earlier to 751,703 tonnes as soyoil imports jumped, a leading trade body said on Friday.