India's Oct palm oil imports hit 3-month high as festive demand rises

Quick Summary:

Indians celebrated the Dussehra and Diwali festivals in the last few weeks, increasing the consumption of sweets and fried food.

Delayed sunflower oil shipments in September arrived in October, which is reflected in the import numbers, a Mumbai-based dealer said.

Palm oil prices were competitive in August when many Indian buyers placed orders, said Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage.

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Category: BusinessFinance

Markets: IndiaArgentinaBrazilIndonesiaMalaysiaThailandUkraine

Topics: Dussehra Festivals Palm oil import DUSSEHRA

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 14:58:17 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 311 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23445087

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