Home Commodity Market News India's oil palm imports to drop 9% in 2021/22

India's oil palm imports to drop 9% in 2021/22

0
9

PANAJI: India’s palm oil imports in 2021/22 are likely to drop 9% from a year earlier on a rise in domestic supplies as farmers expand the area planted with oilseeds in response to record high prices, a leading industry analyst told Reuters.

Palm oil imports in the new marketing year from Nov. 1 could fall to 7.6 million tonnes from 8.35 million this year, Govindbhai Patel, managing director of trading firm G.G. Patel & Nikhil Research Company, said on Thursday.

India's oil palm imports to drop 9% in 2021/22

Source: Brecorder

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here