11/30/2004 INDIA BUSINESS INSIGHT - Indian importers of edible oil areexpecting short supply of soya oil from sources within India and aretherefore increasing their stake in crude soya oil. This has resulted in asharp increase in imports of soya oil, soya oil expected to touch 2.2 lakhtonnes of imports in Nov 2004 against an average import of 1.5 lakh tonnesover the previous two months.

Supply of soya oil from sources within India did not improve as farmersand stockists did not find it lucrative enough to sell soyabean at theprevailing prices of Rs12,000-12,500 per tonne compared to the price ofRs13,500-14,500 per tonne that they realised in Nov 2003 andRs15,000-16,000 per tonne during Aug-Sep 2003.