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India's sunoil imports hit second-highest level as palm oil retreats

By Economic Times - 8 months ago
India's sunflower oil imports surged by 51% in March, hitting the second-highest level on record, driven by lower prices prompting refiners to increase purchases and reduce buying of palm oil. This shift could cap the rally in palm oil futures, while higher sunflower oil imports are expected to reduce Black Sea region inventories.

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