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India's palm oil imports to drop 9% as farmers expand oilseeds area

By Rajendra Jadhav

Palm oil imports | Palm Oil

Reuters  |  PANAJI, India 

By Rajendra Jadhav PANAJI, India (Reuters) - India's palm oil imports in 2021/22 are likely to drop 9% from a year earlier on a rise in domestic supplies, as farmers expand the area planted with oilseeds in response to record high prices, a leading industry analyst told Reuters. The lower imports by the world's biggest palm oil buyer could limit a rally in benchmark Malaysian palm oil prices, which are trading near record highs hit in August. Palm oil imports in the new marketing year starting on Nov. 1 could fall to 7.6 million tonnes from 8.35 million this year, ...

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First Published: Thu, September 23 2021. 13:33 IST