Top buyer India's Oct palm oil, soyoil imports hit multi-month lows

India's edible oil imports in October plummeted to their lowest level in 16 months, primarily due to increased stock levels, which prompted refiners to reduce their purchases of palm oil, soyoil, and sunflower oil. This drop in imports, by the world's largest vegetable oil buyer, may lead to surplus palm oil stocks in key producer countries like Indonesia and Malaysia, potentially impacting benchmark futures.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.