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Palm Imports from India Falling 30% as Price Highest Since ’12; Source: Bloomberg

Palm oil imports by India, the world’s biggest buyer, probably tumbled for a second month as global prices jumped to the highest level since 2012 and refiners awaited domestic rapeseed supplies. Futures declined.

Shipments of the main crude and refined oils fell 30 percent to 550,000 metric tons in February from a year earlier, the median of estimates from five processors and brokers compiled by Bloomberg show. Imports in January fell to the lowest since April, according to the Solvent Extractors’ Association of India, which is set to release data this week.