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India resumes buying Malaysian palm oil as Kuala Lumpur offers discount
November 14, 2019 | By Indiatoday.in
business
The resumption in purchases by India, the biggest buyer of Malaysian palm oil this year, could support Malaysian palm oil prices, which are trading near their highest level in two years.
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Refiners in India have resumed buying Malaysian palm oil after a gap of nearly a month and contracted around 70,000 tonnes of shipments in December as Kuala Lumpur has been offering a $5 (Rs 360 roughly) per tonne discount over supplies from rival Indonesia,
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