Top Palm Oil Buyer Expects Imports To Increase By 23%

Indias palm oil imports will rise by 23% from a year ago to 9.5 million tonnes . Prices rise due to stocks, says Sanjeev Asthana, the countrys top palm oil buyer .

Agra: Indias palm oil imports will rise by 23% from a year ago to 9.5 million tonnes, the highest level in eight years, according to Sanjeev Asthana, the country's top palm oil buyer, as prices rise due to stocks, he said on the sidelines of the Globoil conference.Palm is particularly appealing as prices are lowering due to stocks, according to Sanjeev Asthana, CEO of Patanjali Foods Ltd