Tuesday, October 28, 2008

Breaking News-RTRS-Slumping prices slow Pakistani palm oil imports

ISLAMABAD, Oct 24 (Reuters) - Slumping global palm oil prices and weaker domestic economic growth have led to a slowdown in Pakistani purchases even though needs for November-December have yet to covered, a prominent trader said.
"Pakistan is slowly buying but it's not taking big positions because of dipping prices," Rasheed Janmohammad, deputy chairman of the Pakistan Edible Oil Refiners Association, told Reuters on Friday.