India set for record edible oil imports as scanty rains trim output: Analyst
(WorldNews Business)

Higher purchases by the world`s biggest edible oil importer could support palm oil prices that are under pressure due to sluggish demand amid an expected rise in production. Reuters @moneycontrolcom Representative Image India`s edible oil imports are likely to rise 7.3% in 2019/20 to a record high as weak monsoon rains curtail yields of summer-sown oilseeds such as soybeans and groundnut, a senior industry official said. Higher purchases by the world`s biggest edible oil importer could support palm oil prices that...