India allots import licences for 1.1 million tonnes of refined palmolein from Indonesia: Sources
(WorldNews Indonesia)

A resumption in refined palmolein buying by India, the world`s biggest palm oil importer, could lift its total palm oil imports and support Malaysian palm oil futures, which have corrected a fifth from a three-year high hit in January. Reuters @moneycontrolcom India has issued import licences for 1.1 million tonnes of refined palmolein from Indonesia, government and trade sources told Reuters, a move that has surprised the industry as only last month New Delhi restricted imports of the commodity. A resumption in refined palmolein buying by India, the world`s biggest palm oil importer, could lift its total palm oil imports and...