Amadeusz Juskowiak

India buys 46000 tonnes of vegetable oils

The Indian State Trading Corporation purchased 46000 tonnes of vegetable oils at its import tender on Friday market sources said

The business was for April shipments and comprised 20000 tonnes of European rapeseed oil at 318 dlrs 20000 tonnes of soyoil believed South American origin at 314 and 6000 tonnes of Malaysian rbd palm olein at 347 dlrs all per tonne cif

Palm oil sellers were disappointed at the light purchase of rbd olein and early trading saw the market ease nearly 10 dlrs under Malaysian refiner and dealer selling April shipments traded down to 326 dlrs per tonne fob