Palm oil imports by India, the world’s biggest buyer, slumped for a third month in March as the highest prices in 18 months reduced appeal of the tropical oil used in everything from candies to noodles.
Palm oil stockpiles in Malaysia unexpectedly expanded in March, snapping a two-month decline, as production in the world’s biggest supplier after Indonesia climbed by the most since July. Futures dropped.
Palm oil may extend its advance in April to the highest level since 2012 after dry weather in Southeast Asia hurt crops and as El Nino looms later this year, said Dorab Mistry, director at Godrej International Ltd.
Palm oil fell for a fifth day to the lowest level in almost two months on concern that demand for the tropical oil used in everything from food to fuel may shrink on increasing supplies of soybean oil.
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.
Sugar and cooking oil prices will extend a rally as dry weather from South America to Asia parches crops, said Doug King, Chief Investment Officer of the $145 million Merchant Commodity Fund. Palm oil advanced to the highest level since September 2012.
New York has fine and inexpensive restaurants. It also has plenty that serve large portions of carbohydrate-laden stodge. Here are 50 good places that I tried during an extended visit from London. Most offer value as well as decent food.