India tipped to buy more edible oil in 2012/13

India's edible oil imports are likely to rise more than 4% to 10m tonnes in the 2012/13 marketing year as domestic output in the world's top buyer lags rising demand, an industry official said.

The estimate by BV Mehta, executive director of the Solvent Extractors Association of India is higher than the 9.6m tonnes that India is expected to import in the current 2011/12 marketing year that ends on October 31.

Source : blackseagrain.net