India’s palm oil imports probably dropped in April as higher taxes on shipments curbed demand in the world’s biggest buyer.
Purchases fell about 1.7 percent to 740,000 metric tons from a year earlier, according to the median of four estimates in a Bloomberg survey of processors, brokers and analysts. Total vegetable oil imports decreased 9.7 percent to 1.21 million tons, the survey showed. The Solvent Extractors’ Association of India is expected to release its monthly trade numbers this week.
Weak Imports
India palm oil purchases seen falling 1.7% in April.Lower imports by India may drag down palm oil prices, which
