India’s edible oil imports in July reached their highest level in ten months, according to Reuters projections.

Indian edible oil imports totaled 1.49 million tons in July, a 34% increase compared to June and the highest level in 10 months, Reuters reported on Tuesday (4), citing projections from five traders familiar with the matter. Individually, palm oil shipments jumped 50% in the period, to 733,000 tons, reaching the highest volume in five months. Soybean and sunflower oil imports advanced 32% and 4%, respectively, to 501,000 and 253,000 tons, in that order. The Solvent Extractors Association of India is expected to publish official July import data by mid-month. India obtains most of its palm oil needs from Indonesia and Malaysia, while soybean and sunflower oil are mainly imported from Argentina, Brazil, Russia, and Ukraine.

This text was translated by machine from Brazilian Portuguese.