皇冠开户(www.hg108.vip):India's palm oil imports fall in July as soyoil jumps to record high
Higher soyoil purchases by the world's biggest edible oil importer will support U.S. soyoil prices but will dent rival palm oil's share in Indian buying and force Malaysian and Indonesian sellers to offer discounts to regain the market share, traders said.皇冠管理端登3手机(www.99cx.vip)实时更新发布最新最快最有效的皇冠管理端登3手机网址,包括新2登3手机网址,新2登3备用网址,皇冠登3最新网址,新2足球登3网址,新2网址大全。
MUMBAI: India's palm oil imports in July fell 10% from a month ago, as refiners ramped up purchases of rival soyoil to take advantage of New Delhi's move to allow duty-free imports of the vegetable oil to calm all-time high prices, a trade body said on Friday.
Higher soyoil purchases by the world's biggest edible oil importer will support U.S. soyoil prices but will dent rival palm oil's share in Indian buying and force Malaysian and Indonesian sellers to offer discounts to regain the market share, traders said.
India's palm oil imports in July fell to 530,420 tonnes from 590,921 tonnes a month earlier, the Solvent Extractors' Association of India (SEA) said in a statement.
Soyoil imports in July jumped 125% from a month ago to a record 519,566 tonnes, while sunflower oil imports rose 30% to 155,300 tonnes.
India in late May allowed duty-free imports of 2 million tonnes each of soyoil and sunflower oil for the current and next fiscal years ending March 31, as part of efforts to keep a lid on local edible oil prices. Read full story
,,皇冠开户(www.hg108.vip)是一个开放皇冠正网即时比分、皇冠开户的平台。皇冠开户平台(www.hg108.vip)提供最新皇冠登录,皇冠APP下载包含新皇冠体育代理、会员APP。
Through the end of June, soy oil's premium over palm oil was less than $150 per tonne, but since palm oil attracts a 5.5% import tax, palm oil was effectively more expensive for Indian buyers, brokers said.
But again the gap between soyoil and palm oil has widened above $350 per tonne in the past few weeks, making palm oil purchases more attractive for refiners, the SEA said.
"In August, palm oil imports could rise above 700,000 tonnes. There was huge buying in July after prices were corrected," said a Mumbai-based dealer with a global trading firm.
Malaysian palm oil prices fell to their lowest in more than a year in July.
India buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Ukraine and Russia.- Reuters
转载说明:本文转载自Sunbet。
网友评论
皇冠投注网(www.hg108.vip)
回复Pentamaster’s revenue was contributed mainly by the automated test equipment and factory automation solutions segments, with each constituting approximately 72.7% and 27.3%respectively of the group’s total revenue in the current quarter.厉害厉害,膜拜你
﹏o揑個笑臉︶
回复In Malaysia, the spa market is estimated at RM400mil in 2021.怎么样怎么样
精彩足球推荐分析(www.99cx.vip)
回复get到好看的点了