Higher purchases by India, the world's biggest importer of vegetable oil, could support Malaysian palm oil prices FCPOc3, which are trading near a record high.
MUMBAI, June 6 (Reuters) - India's palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said.
Higher purchases by India, the world's biggest importer of vegetable oil, could support Malaysian palm oil prices FCPOc3, which are trading near a record high.
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