India palm oil imports seen rising for fourth month on low price

New Delhi

INDIA'S palm oil purchases probably climbed for a fourth straight month in May as a drop in global prices boosted demand amid a stronger local currency.

Imports rose 21 per cent to 798,000 tonnes from a year earlier, according to the median of five estimates in a Bloomberg survey of processors, brokers and analysts. Total vegetable oil purchases rose about 29 per cent to 1.…