Breaking News - RTRS-Bangladesh to slow palm oil imports on rising stocks -trade

KUALA LUMPUR, March 10 (Reuters) - Bangladesh has started to slow purchases of palm oil in March, a trend that may extend to April, due to higher stocks at ports that were bought at cheaper prices two to three months ago, traders said on Wednesday.
Bangladesh joins China and India in slowing palm oil imports from Malaysia and Indonesia, the world's top producers of the vegetable oil. Traders expect buying to resume at a much stronger pace from May onwards when inventories draw down. A Singaporean trader who chiefly supplies to Bangladesh said stocks of mostly imported crude palm olein at Chittagong port was $40-$45 a tonne cheaper than current prices at $830 per tonne, cost and freight (C&F).