India's palm oil imports fell to a three-month low in January as refiners increased buying of rival soyoil due to negative refining margins for crude palm oil (CPO). Lower purchases by India, the world's biggest importer of vegetable oils, could keep palm oil inventories elevated in top producers Indonesia and Malaysia and weigh on benchmark futures. January palm oil imports fell 12% to 787,000 metric tons, with crude palm oil imports falling 16% to 541,000 tons. Soyoil imports in January jumped 24% to 190,000 tons, but were far below the monthly average imports seen in the last marketing year. Read The Rest at :
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