Tuesday, November 17, 2009

Breaking News-RTRS-UPDATE 2-India's '08/'09 veg oil imports jump 37 pct

NEW DELHI, Nov 16 (Reuters) - India's vegetable oil imports surged 37 percent to a record in 2008/09, fuelled by higher consumption and low taxes, but imports in October, the last month of the oil year, dipped as expected.
"The current trend gives a hint that imports would touch 10 million tonnes in 2-3 years," said B.V. Mehta, executive director of the Solvent Extractors' Association of India.