Palm | Kelapa Sawit

KUALA LUMPUR, March 1 (Reuters) - India, the world's top vegetable oil buyer, may shift orders to soyoil from palm oil by 500,000 tonnes to meet higher middle-class demand if the price difference narrows further, the Sunvin group said on Monday.
India, which surpassed China in 2009 as the top buyer of vegetable oil, was expected to buy 9-9.5 million tonnes in 2009/10 on rapid economic growth and weak oilseed output. Palm oil was expected to account for 7.25 million tonnes and soyoil 1.2 million tonnes of imports.