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India's Palm Oil imports seen rising 21% in May
Commodity Online | June 14 2017
UPDATED 14:25:04 IST

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India’s Palm Oil imports probably climbed for a fourth straight month in May as a drop in global prices boosted demand amid a stronger local currency.

Imports rose 21% to 798,000 metric tons from a year earlier, according to the latest survey by Bloomberg.

Total vegetable oil purchases rose about 29% to 1.32 million tons, the survey showed. The Solvent Extractors’ Association of India is set to release trade data in the middle of the month.

India’s Soybean oil imports probably increased 91% to 340,000 tons in May, the survey showed. India buys Soybean Oil from the U.S., Brazil and Argentina. Sunflower oil purchases rose 3% to 155,000 tons. Canola Oil purchases are seen at 29,000 tons.

Commodity Arrivals Rate
Mustard Oil NR 10460.00
Coconut Oil 1 20500.00
Arecanut NR 19000.00
Sugar NR 4450.00

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