Friday, August 28, 2009

Breaking News-RTRS-UPDATE 1-Pakistani palm oil imports seen slow in Oct-Dec

ISLAMABAD, Aug 27 (Reuters) - Pakistan made heavy purchases of palm oil for August and September but buying will slow in the October-December quarter partly because of stocks and the arrival of the cottonseed crop, an industry official said on Thursday.
Pakistan, after a long pause, has also placed orders for about 95,000 tonnes of oilseeds for October shipment that will also cut demand for palm oil imports, said Rasheed Janmohammad, vice-chairman of the Pakistan Edible Oil Refiners Association.