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India's 2017/18 palm oil imports drop on weak rupee, liquidity crunch

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India, the world's biggest importer of edible oils, buys palm oil from Indonesia and Malaysia, soyoil mainly from Argentina and Brazil, and sunflower oil from Ukraine.

The country's soyoil imports in the year ended on Oct. 31 fell 8.1 percent to 3.05 million tonnes, while sunflower oil purchases jumped 16.4 percent to 2.5 million tonnes, the Solvent Extractors' Association of India (SEA) said in a statement.

India's total edible oil imports fell 3.7 percent to 14.5 million tonnes, the SEA said.

Copyright Reuters, 2018