Monday, November 17, 2008

Breaking News-RTRS-UPDATE 1-India's Oct veg oil imports jump on prices, duty

NEW DELHI, Nov 14 (Reuters) - India's vegetable oil imports in October rose an annual 24 percent to 827,000 tonnes, the largest monthly purchase in 14 years, as low prices and expectation of higher import duties triggered heavy buying, a leading trade body said.
Imports in the oil year to October were at 6.3 million tonnes, up 12.5 percent from 5.6 million tonnes in the previous year, led by a surge in palm oil imports, data released by the Solvent Extractors' Association of India (SEA) showed.