India‘s Import of palm oil was up 29% mom in November as a sharp discount to competing soybean oil and suntan oil prompted buying of the tropical oil oil lucrative for local refiners, five traders told Reuters on Tuesday.

Higher imports of India, the largest in the world Palm oil Buyer would help top producer Indonesia reduced its inventories and supported benchmark Malaysian palm oil prices, which have nearly halved from this year’s record highs.

India’s palm oil imports last hit 1.14 million tons…