(Bloomberg) -- China, the world's biggest palm oil
buyer, increased overseas purchases of the commodity by 28.9
percent in the first five months of this year as declining
domestic production of vegetable oils increased import needs.
Imports for January-May were 1.68 million metric tons,
according to data issued by the Beijing-based customs office in
an e-mailed statement. The nation imported 360,000 tons of palm
oil last month.
Read more at Bloomberg Commodities News
buyer, increased overseas purchases of the commodity by 28.9
percent in the first five months of this year as declining
domestic production of vegetable oils increased import needs.
Imports for January-May were 1.68 million metric tons,
according to data issued by the Beijing-based customs office in
an e-mailed statement. The nation imported 360,000 tons of palm
oil last month.
Read more at Bloomberg Commodities News
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