Published on 7/07/2020 1:24:09 PM | Source: IANS

India`s June palm oil imports drop 18% year-on-year - Trade Body

Posted in Commodity Top News| #India #Oil and Gas Sector #Palm Oil #Commodity

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

MUMBAI - India's palm oil imports in June fell 18% from a year ago to 562,932 tonnes as imports of refined palmolein plunged after New Delhi restricted overseas purchases of the grade earlier this year, a leading trade body said on Tuesday.

The country's imports of soyoil in June rose 49% from a year ago to 331,264 tonnes, while sunflower oil imports rose 66% to 268,128 tonnes, according to provisional data compiled by the Solvent Extractors' Association.

India is the world's biggest importer of edible oils.

(Reporting by Rajendra Jadhav, editing by Louise Heavens)