India Boosts Palm Oil Imports Amid Cost Advantage

India Boosts Palm Oil Imports Amid Cost Advantage

India Boosts Palm Oil Imports Amid Cost Advantage In a significant move driven by cost advantages, India's palm oil imports witnessed a notable increase of 10.1% in February, reaching a six-month high. This rise comes as refiners capitalized on palm oil's widening discount compared to other edible oils, cutting down on sunflower oil imports.The spike in palm oil demand may potentially draw down inventories in key producers like Indonesia and Mal…