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RTRS-INDIA'S JAN PALM OIL IMPORTS SEEN UP 3.1 PCT VS DEC, SOYOIL IMPORTS SEEN UP
Posted by Labels: Trader's highlightNEW DELHI, Feb 10 (Reuters) - India's palm oil imports may have risen in January over the previous month as domestic supplies run out, a Reuters survey showed on Friday, but the imports could fall this month with start of the rapeseed harvest season.
Palm oil imports -- the bulk of India's edible oil purchases -- rose 3.1 percent last month to 569,750 tonnes, according to the survey of eight traders, with soyoil imports seen up 360.3 percent to 34,000 tonnes over December.
India mainly buys palm oils from Indonesia and Malaysia, and small quantities of soyoil from Argentina and Brazil. About half of India's 15-16 million tonnes of edible oils demand is met through imports.
The survey suggested total vegetable oil imports, including non-edible oils, would rise 6.6 percent in January to 714,375 tonnes from the previous month.
Palm oil imports -- the bulk of India's edible oil purchases -- rose 3.1 percent last month to 569,750 tonnes, according to the survey of eight traders, with soyoil imports seen up 360.3 percent to 34,000 tonnes over December.
India mainly buys palm oils from Indonesia and Malaysia, and small quantities of soyoil from Argentina and Brazil. About half of India's 15-16 million tonnes of edible oils demand is met through imports.
The survey suggested total vegetable oil imports, including non-edible oils, would rise 6.6 percent in January to 714,375 tonnes from the previous month.
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