date:Jun 17, 2014
India's palm oil imports rose 22 percent to 654,255 tonnes in May from a month ago, data from the Solvent Extractors' Association of India showed, as buyers stocked up ahead of the Muslim holy month of Ramazan when demand typically peaks. Palm oil imports by the world's top vegetable oil buyer are expected to stay firm in the next few months due to a drop in domestic cooking oil supplies and year-end festival demand, traders said, supporting benchmark Malaysian prices that have shed 9 percent th