KUALA LUMPUR, Aug 12: Pakistan has delayed some palm oil purchases for the holy month of Ramazan, covering about 75 per cent of its requirements as traders pause to see where plunging prices of vegetable oil stabilise, a top trade official said on Tuesday.

Palm oil imports for the July-September period were expected to exceed 375,000 tons for Ramazan in early September, Rasheed Janmohammad, vice-chairman of the Pakistan Edible Oil Refiners Association, told Reuters.

“The only concern is that Pakistan will keep on delaying their purchases until the market stabilises,” he said in a telephone interview. “Those who already bought are repenting, so the wait-and-see game is going on.”