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India’s May palm oil imports fall 14% m/m

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India’s palm oil imports in May fell about 14% from the previous month to 439,173 tonnes, a trade body said on Thursday.

Imports of soyoil rose around 22% to 318,887 tonnes and those of sunflower oil were up 18.5% at 295,206 tonnes, the Mumbai-based Solvent Extractors’ Association of India (SEA) said in a statement.

Palm oil rises to two-week closing high

Vegetable oil imports inched up nearly 1% to 1.06 million tonnes, it added.