date:Mar 17, 2014
oil prices, which surged to an 18-month high this week amid crop-damaging dry weather in top producers Indonesia and Malaysia. India's palm oil imports in February dropped 27 percent from a month ago to 403,685 tonnes, the data showed on Friday, coming in at the lower end of traders' expectations of 400,000 to 550,000 tonnes.
This was also the weakest since April 2011 when the country had shipped in 350,469 tonnes. Expectation of a higher rapeseed crop largely kept palm oil importers on the s