date:Jul 14, 2014
shortage of the oil in the domestic market and its easier to transport quickly due to proximity to producing countries, Patel said by phone from Rajkot in Gujarat state. Unless we get good rains and sowing picks up, the crop is expected to be lower than last year.
The gap between soybean oil and palm, the worlds most-used cooking oil, averaged $94 a ton this year from $244 a ton in 2013, according to data compiled by Bloomberg. Palm futures fell 1.1 percent to 2,359 ringgit ($741) a ton on the