date:Mar 17, 2014
India's palm oil imports in February plunged to the lowest in nearly three years, data from the Solvent Extractors' Association (SEA) showed, as higher prices and hopes local supplies of rival rapeseed oil would improve kept buyers away. The second straight monthly drop in overseas purchases was also partly due to an export duty structure at top producer Indonesia that promotes sale of refined palm oil products.
Weak purchases by the world's top buyer could cap a recent rally in benchmark palm