Buying less: India is one of the biggest importers of palm oil in the world, but a spike in Covid-19 cases, leading to a lockdown, is seen to slow its purchase of the commodity.
PETALING JAYA: The sustained spike in Covid-19 infections in India, one of the biggest crude palm oil (CPO) importers, could see the flow of the commodity into the country slowing for the months of May and June.
This could happen due to the current lockdown, which requires the temporary closure of hotels and restaurants, said TA Research.
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