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India's palm oil imports in August rose 7% from July to 782,761 metric tons, the Solvent Extractors' Association of India (SEA) said on Tuesday.Imports of soyoil rose 26% to 628,736 tons and sunflower oil imports decreased 36% to 160,639 tons, the industry trade body said.
Malaysian palm oil futures extend gains around MYR 4,725 per tonne and are set for a second straight weekly advance, with export shipment estimates and stronger India import demand cited as support.
Malaysian palm oil futures slip further, staying below MYR 4,700 per tonne near a one-week low as Dalian and Chicago edible oils weaken amid rising inventories and production.
Malaysian palm oil futures slip below MYR 4,720 per tonne on profit-taking and ample supply