Distributors estimate that India's edible oil imports in October totaled only 1.27 million tons, a 20.7% decrease month-on-month. Palm oil imports in October are estimated at 600,000 tons.
Distributors estimate that India's edible oil imports in October totaled only 1.27 million tons, a 20.7% decrease month-on-month, of which palm oil imports were approximately 600,000 tons. This indicates significantly weak demand in the Indian market, possibly due to high inventory levels or reduced consumer demand, thus putting downward pressure on palm oil spot prices.
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