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India's top palm oil buyer expects 23% jump in imports

The Edge Markets LogoThe Edge Markets2 mo ago

India's top palm oil buyer expects 23% jump in imports - The Edge Markets

Quick Summary:

Palm oil's big discount to soyoil is unsustainable, and it is likely to narrow in the coming months, he said.

Palm oil futures have dropped nearly half from their record highs, and palm oil is again at a sizeable discount to rival oils, dealers said.

"Palm is very attractive as prices are under pressure because of stocks," Sanjeev Asthana, the chief executive officer of Patanjali Foods Ltd, said on the sidelines of the Globoil conference.


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Article Details

Category: InvestingFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23 @ 09:47:58 (2 months ago)

News Timezone: GMT +8:00

Ranking: #1384 (out of 2833 stories this day)

News Source URL: theedgemarkets.com

Language: English

Article Length: 182 words

Reading Time: 2 minutes read

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Edge Markets

News ID: 490201

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About The Edge Markets

The Edge Markets Logo

Main Topics: InvestingFinance

Official Website: theedgemarkets.com

Update Frequency: 99 posts per day

Year Established: 1994

Headquarters: Malaysia

News Last Updated: 8 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #17

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