Indian edible oil refiners trim palm oil imports to make space for soyoil

Indian edible oil refiners are trimming imports of palm oil to make space for soyoil as a rally in the price of palm due to output worries reduced the spread between the two, industry officials told Reuters.

Lower overseas purchases by the world's biggest edible oil importer could cap palm prices, which hit an eight-year high on Friday, but will support US soyoil futures trading near their highest level in four years. "Indian buyers are reducing purchases of palm oil for November and December shipments, and replacing it with.....

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