Experts see dip in palm oil imports from one-year high as prices jump

The first decline in three months of growing purchases by India, the world's biggest importer, may boost inventories in top producers Indonesia and Malaysia

India’s palm oil imports probably declined from a one-year high in October as traders and refiners trimmed buying after higher global prices made overseas supplies more expensive.

Shipments dropped about 12 per cent from a month earlier to 775,000 tons, according to the median of five estimates in a Bloomberg survey of processors, brokers and analysts. That’s the lowest since June. Imports rose to 879,947 tons in September, the highest since September 2018. The Solvent Extractors’ Association of India may release its data this week.

The first decline in three months of growing purchases by India, the world’s biggest importer, may boost