04/06/2010 (The Financial Express) - India’s palm oil imports ahead of its festival season will tumble 30% to 1.13 million tonne for July-Sep shipments from a year ago, on a high domestic oilseed crush, traders said on Thursday. Palm oil mostly bought from Indonesia has also given up some of its market share to Argentine soyaoil that has narrowed its price difference with palm oil to below $50.

Pulses import tender
State-run MMTC on Thursday floated a tender to import 12,000 tonne of pulses for shipment in June-July. The last date for bids is June 10, it said in a statement on its website.

Oil hovers around $73
Oil prices pared early gains of nearly 2% on Thursday to pull back to near $73 a barrel, as traders waited to see if US government data would confirm an industry report showing falling crude stockpiles.