Record U.S. Edible Oil Imports Expected

aginfo

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According to Hamburg-based oilseeds analysts Oil World, American edible oil imports will rise to 3.90 million tonnes from 3.80 million tonnes in 2010-11, it forecasts. Palm oil will be the main beneficiary, with U.S. imports likely to rise to 1.02 million tonnes from 0.96 million in the previous season, it estimates. Biodiesel production and this year’s poorer soybean crops are the main reasons, it said.
 
 
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