India's palm oil imports hit 14-month high, soyoil purchases set record
4 Articles
4 Articles
The Economic Times
India's palm oil imports hit 14-month high, soyoil purchases set record
In October, India experienced a surge in palm oil imports to 866,000 metric tons. Soyoil imports reached a record high of 653,000 tons, reflecting increased demand. The overall edible oil imports rose by 13%, reaching 1.74 million tons during the festive season. This demand is driven by concerns about limited domestic supplies and El Nino-related crop damage.
India increased imports of vegetable oils by 13% in October 2026 compared to September to 1.74 million tonnes, the highest monthly figure in more than two years. According to preliminary estimates of market participants, the increase in purchases was due to increased supplies of palm, soybean and sunflower oils. The main factors were the decrease in world prices, replenishment of stocks by processing enterprises and [...] The post India has incr…
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