India's palm oil imports in May drop 10% as Indonesia curbs exports

India's palm oil imports in May fell 10% from a month ago as top producer Indonesia curbed exports of the edible oil, a trade body said on Tuesday.

The south Asian country is the world's biggest importer of vegetable oils and lower purchases could weigh on Malaysian palm oil futures.
 

India imported 514,022 tonnes of palm oil in May, down from 572,508 tonnes in April, according to the Solvent Extractors' Association (SEA) of India.

Indonesia, the world's biggest producer and exporter of palm oil, on April 28 halted exports of the product to control soaring prices at home. Jakarta allowed exports to