Reuters exclusively reports India’s palm oil imports surge after duty cut - Reuters News Agency
Business & Finance

Reuters exclusively reports India’s palm oil imports surge after duty cut

Reuters reported exclusively that India’s palm oil imports in September more than doubled from a year ago to a record 1.4 million tonnes as buyers increased purchases of refined palm oil ahead of key festivals and to take advantage of newly lowered duties. Higher purchases by India, the world’s biggest buyer of vegetable oils, could support palm oil prices that are trading near a record high. 

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Asia
Countries: India
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
A farmer prepares to unload oil palm bunches from a tractor trolley in a mill at Dwaraka Tirumala in the southern state of Andhra Pradesh, India, September 1, 2021. Picture taken September 1, 2021. REUTERS/Rajendra Jadhav
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