India's palm oil imports jump 8 percent as Malaysian shipments surge - trade body.


India's palm oil imports climbed 8percent in the marketing year ended Oct. 31 compared with the same period a year earlier as buying of refined palm oil from Malaysia surged after New Delhi reduced import tax on the oil, a leading trade body said on Friday. The higher palm oil purchases, hitting 9.4 million tonnes, lifted India's total vegetable oil imports by 3.5percent for the 12 months to 15.5 million tonnes, the Solvent Extractors' Association (SEA) said in a statement. New Delhi's refined palm oil imports in the 2018/19 marketing year jumped 28percent from a year ago to 2.7 million tonnes, the SEA said. India's higher imports helped Malaysia to reduce its inventories and supported benchmark Malaysian palm oil...

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