AFPMUMBAI: India's palm oil imports in May plunged 53% from a year ago to 387,006 tonnes as a nationwide lockdown to curb the spread of the novel coronavirus squeezed demand from hotels and restaurants, a leading trade body said on Thursday.
The country's imports of soyoil also fell in May to 187,034 tonnes from 232,003 tonnes a year ago, according to provisional data published by the Solvent Extractors Association of India.
India is the world's biggest importer of edible oils.
The country's imports of soyoil also fell in May to 187,034 tonnes from 232,003 tonnes a year ago, according to provisional data published by the Solvent Extractors Association of India.
India is the world's biggest importer of edible oils.
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