Published on 14/08/2020 1:28:17 PM | Source: Reuters

India`s July palm oil imports rise to 10-month high - trade body

Posted in Commodity Top News| #Import Exports #Palm Oil #Commodity

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MUMBAI - India's palm oil imports in July rose 1.4% from a year ago to 824,078 tonnes, the highest level in 10 months, as a gradual easing of lockdowns increased demand for the tropical oil from hotels and restaurants, a leading trade body said on Friday.

The country's soyoil imports in July surged 52% from a year ago to 484,525 tonnes, while sunflower oil imports rose 4% to 208,747 tonnes, the Solvent Extractors' Association of India said in a statement.

(Reporting by Rajendra Jadhav; Editing by Muralikumar Anantharaman)