Global importers are expected to increase low price palm oil imports in 2013

Hamburg, Jan 22 - oil world, a Hamburg based oil seed analysis agency, said on Tuesday that global oil importers are expected to increase low-cost palm oil imports in the coming months, avoiding the purchase of more expensive soybean oil and other edible oils "Palm oil's price competitiveness as an edible and non edible use has actually improved," oil world said This is good news for consumers around the world, who will rely more on palm oil in the coming months due to a shortage of vegetable oil supply " Malaysia's offer for 33 degree palm oil is currently $300 per ton cheaper than Argentina's FOB export price for soybean oil, oil world said "We expect a significant increase in palm oil imports and consumption in India, China, the European Union and several other countries," oil world said "Oil world" said that the global palm oil inventory sufficient since September to suppress palm oil prices Global soybean oil production remained at the same level of last year from January to March, as the squeezing materials of new soybean production in South America only began to develop gradually, "oil world" said.