date:Jul 16, 2014
11-11.2 million tonnes of oils in the year to October, up from 10.7 million tonnes in 2012/13, said B.V. Mehta, executive director of Mumbai-based SEA. Global prices have been falling. Naturally, imports dropped in June because no wants to stock up in a bearish market, Mehta told Reuters by phone.
On Monday, benchmark Malaysian palm oil futures slipped to a more than nine-month low, tracking heavy losses in overseas soya and crude oil markets, while a firmer ringgit further dampened buying int