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Breaking News-RTRS-INDIA'S EDIBLE OIL IMPORTS SEEN DOWN ABOUT 500,000 TONNE IN 2010/11 - ADANI WILMAR HEAD

Posted by Flora Sawita Labels:

NEW DELHI, March 3 (Reuters) - India's edible oil imports may fall by around 500,000 tonnes as domestic supply is expected to rise 15 percent to 7.5 million tonnes in 2010/11 on higher oilseeds output, a leading trader said on Thursday.
Higher local supply in the world's No. 1 edible oil buyer and lower imports could put a downward pressure on global prices.

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