India’s palm oil imports to taper down in April-June quarter: traders

India’s demand for palm oil will likely ease in the second quarter on shrinking cost advantage over competing vegetable oils, along with weak domestic consumption and inventory buildup, sources told S&P Global Commodity Insights April 20. About 100,000 mt to 150,000 mt of palm oil orders will likely shift to competing vegetable oils — sunflower and soybean — every month…