MUMBAI India's July edible oil imports were set to jump to a record 1.86 million tonnes, nearly 60% more than normal, as refiners raised purchases to build stocks for festivals amid uncertainty over supplies from the Black Sea, dealers and cargo surveyors said on Tuesday (July 25). Higher purchases by the world's biggest importer of vegetable oils could help Malaysia and Indonesia bring down palm oil stocks and support benchmark futures, trading near their highest level in 4½ months. It would also support soyoil futures and help key sunflower oil-producing Black Sea countries in reducing inventories.

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