date:Mar 10, 2014
India's palm oil imports are set to drop 6 percent in the year to October 2014, with buyers opting for rival soybean oil as the price spread between the two narrows, traders said on Monday. Lower overseas purchases by the world's top importer of vegetable oils could cap benchmark palm prices that jumped to a 17-month high earlier in the day, adding to February's gains - the biggest monthly rise since October 2013.
Crude palm oil is being offered at $940 to $945 a tonne, including cost, insuran