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The Economic Times
The Economic Times
Business

India's edible oil imports hit 10-month peak in July on higher palm buying, dealers say

Oil India

MUMBAI, - India's edible oil imports climbed to their highest ​level in 10 months in ​July as refiners increased purchases of palm oil and ​soyoil to replenish inventories ahead of the festival season amid tightening domestic supplies, five dealers said.

Higher palm oil and soyoil buying by the world's biggest importer of vegetable oils ‌could help ⁠top producers ⁠Indonesia, Malaysia and Argentina in bringing down stocks and support benchmark palm oil and ​soyoil futures.

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