date:Mar 17, 2014
A data showed. A year ago, cheaper prices kept palm oil imports higher at 805,362 tonnes, including 669,678 tonnes of crude palm oil. Palm oil accounts for 80 percent of India's total vegetable oil imports that average 17 million to 18 million tonnes. The country meets around 60 percent of its annual vegetable oil needs through overseas purchases.
India gets palm oil from Indonesia and Malaysia. In February, India's soyaoil imports dropped 45 percent to 96,420 tonnes from a month ago, the data