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INDIAN TRADE BODY SEES 02/03 DOMESTIC VEGOIL SUPPL
calendar11-03-2003 | linkNULL | Share This Post:

NEW DELHI, March 10 (Reuters) - A leading Indian edible oil trade body hasestimated the country's domestic availability of vegetable oil in 2002/03(Nov-Oct) at 4.8 million tonnes compared with 6.0 million tonnes lastyear.The Central Organisation for Oil Industry and Trade (COOIT) said theshortfall of 1.2 million tonnes was unlikely to lead to a similar jump inimports."The imports are going to be in the range of 4.4 to 4.6 milliontonnes," COOIT Chairman Sandeep Bajoria told Reuters.India, the world's largest importer of edible oils, bought 4.4 milliontonnes last year.It buys palm oils from countries like Malaysia and Indonesia and soyoil from Argentina, Brazil and the United States.