Top Palm Oil Buyer Expects 23% Jump In Imports


Palm oil’s large low cost is unsustainable and is prone to slender, Patanjali Foods CEO stated.

Agra:

India’s palm oil imports in 2022/23 might leap 23% from a 12 months earlier to 9.5 million tonnes, the best in eight years, as a rebound in consumption and aggressive costs prompts refiners to extend purchases, the nation’s high palm oil purchaser stated.

“Palm is very attractive as prices are under pressure because of stocks,” Sanjeev Asthana, chief government officer at Patanjali Foods Ltd stated on the sidelines of Globoil convention.

Palm oil’s large low cost to soyoil is unsustainable and it’s prone to slender in coming months, he stated

(Except for the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)



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