Thursday, 24 Sep 2020
15/09/2020 05:00 PM

NEW DELHI, Sept 15 -- India's palm oil imports are expected to return to their normal levels following a slump caused by business shutdowns brought on by the coronavirus pandemic.

Palm oil sales in India picked up in July 2020 after lower demand between April and June when the food services and hospitality sectors faced severe disruptions.

"We expect September, October and November imports of palm oil at the usual volume of 650,000 to 700,000 tonnes per month," said Sudhakar Desai, president of the Indian Vegetable Oil Producers' Association (IVPA), in a statement today.

Indian edible oil imports were about 1.5 million tonnes in July and 1.3 million tonnes in August.

July's higher imports were fuelled by "the unmanageable low levels" of edible oil stocks reached by end-May, said Desai.

According to industry figures, India imported 734,351 tonnes of palm oil, including 344,068 tonnes from Malaysia, in August 2020.

-- BERNAMA

ABOUT US

Malaysian National News Agency
Wisma BERNAMA
No.28 Jalan BERNAMA
Off Jalan Tun Razak
50400 Kuala Lumpur
Malaysia

Tel : +603-2693 9933 (General Line)
Email : helpdesk[at]bernama.com

Categories

General
Business
Sports
Politics
World
Features
Thoughts
Infographics
Videos
Images
Exclusive Press

Copyrights

Disclaimer
Privacy Policy
Security Policy