date:Jul 16, 2014
India's vegetable oil imports fell 6.7 percent in June from a year earlier as buyers held off from purchases in the hope that prices would drop further, a top trade body said on Tuesday. But the world's biggest importer of the cooking oil is on course to buy 2.8- to 4.7-percent more this year, the Solvent Extractors' Association of India (SEA) said.
Vegetable oil purchases totalled 883,679 tonnes in June, down from 947,591 tonnes a year earlier, SEA data showed. The country is expected to buy