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Showing posts with the label LIVE CRUDE OIL NEWS UPDATE BY TRADELINE @@India's No.1mcx Tips Provider Missed Call @:/8057046270/8923452051

LIVE CRUDE OIL NEWS UPDATE BY TRADELINE @@India's No.1mcx Tips Provider Missed Call @:/8057046270/8923452051

India's palm oil imports could jump to record as prices fall - analyst Palm's discount to soyoil widens to over $200/T - trade body * Refined palm oil imports could jump a third - dealer * Soyoil imports could fall, sunflower seen steady - analyst By Rajendra Jadhav MUMBAI, March 18  - India's p alm oil imports in 2018/19 are likely to jump a tenth from a year earlier to a record high, as a sharp fall in the prices made the tropical oil more attractive for buyers than rival soyoil and sunflower oil, industry officials told Reuters. Higher purchases by the world's biggest edible oil importer could support palm oil prices < 1FCPOc3> that are trading near their lowest level in three months. "Palm oil imports are going to rise in the coming months. At current price level, it is very competitive compared to soyoil and sunflower oil," said Govindbhai Patel, managing director of trading firm G.G. Patel & Nikhil Research Company. The countr