Wednesday, July 23, 2008

Breaking News-India edible oil imports to jump on poor crop-trade

NEW DELHI, July 22 (Reuters) - India's imports of edible oils will jump more than 50 percent in the first half of the crop year from November, as its summer-sown oilseed crop is set to fall 13 percent due to weak rainfall, a leading oilseed trader said.Oilseed output, excluding castor, which is not edible, is expected to fall to 13.8 million tonnes from 15.9 million tonnes due to poor rains in western and southern India, Govindbhai Patel, a leading trader, told Reuters.