Friday, April 24, 2009

Breaking News--RTRS-India may import record veg oils in 2008/09-trade

NEW DELHI, April 23 (Reuters) - India's vegetable oil imports, which have surged in the past few months, are expected to rise further in April and May and take purchases to a record in the year to October, a leading trade body said on Thursday.
Vegetable oil imports were expected to touch an all-time high of 7.5 million tonnes in 2008/09, 19 percent more than the current record of 6.3 million tonnes in 2007/08, Ashok Sethia, president of the Solvent Extractors Association of India (SEA), said in a statement.