India's August palm oil imports jump to 11-month high.
India's palm oil imports in August rose 5 percent from a month earlier to an 11-month peak as lower prices prompted refiners to lift purchases for peak festive season, a leading trade body said on Friday.
Higher purchases by the world's biggest edible oil importer could support palm oil prices that are under pressure due to sluggish demand. New Delhi imported 852,534 tonnes of palm oil in August, the highest since September 2018, the Solvent Extractors' Association of India (SEA) said in a statement. India's palm oil imports in the first 10 months of 2018/19 marketing year started on Nov. 1 rose 10.3 percent from a year ago to 7.75 million...
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