India's Palm Oil Imports Seen Climbing on Summer Season Demand
- Vegetable oil imports seen falling 5.4% to 1.2 million tons
- Soybean oil purchases expected to drop in February: survey
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India’s palm oil imports probably advanced in February as rising demand before the summer season outweighed higher prices.
Imports in the world’s biggest buyer climbed about 8 percent to 795,000 metric tons from a year earlier, according to the median of four estimates in a Bloomberg survey of processors, brokers and analysts. Total vegetable oil purchases decreased 5.4 percent to 1.2 million tons. The Solvent Extractors’ Association of India is likely to release monthly trade numbers this week.