India imported a record amount of edible oil in July

게시됨 2023년 8월 3일

Tridge 요약

India's edible oil imports reached a record high of 1.76 million tonnes in July as refiners stockpiled ahead of the festival, driven by uncertain supplies from the Black Sea region and a price advantage of palm oil over soybean and sunflower oil. This surge in imports will likely lead to a decrease in palm oil stocks in Malaysia and Indonesia, supporting prices for basic products such as soybean oil and causing a reduction in stocks in Black Sea countries producing sunflower oil. India's soybean oil imports declined in July due to delays in unloading ships at the port of Kandla.

면책 조항: 위의 요약은 정보 제공 목적으로 Tridge 자체 학습 AI 모델에 의해 생성되었습니다.

원본 콘텐츠

India increased its edible oil imports to a record 1.76 million tonnes in July as refiners ramped up stockpiles ahead of the festival, given volatile supplies from the Black Sea region and an increase in the discount on palm oil compared to soybean and sunflower. The increase in imports by the world's largest buyer of vegetable oils will lead to a reduction in palm oil stocks in Malaysia and Indonesia, support prices for basic products and soybean oil, and also contribute to a decrease in stocks in the Black Sea countries that produce sunflower oil. According to the Producers Association of India (SEA), in FY2021/22 the country imported an average of 1.17 million tons of edible oils every month, in particular in June - 1.3 million tons. According to dealers' estimates, in July palm oil imports increased compared to in June from 683,133 thousand tons to a 7-month maximum of 1.09 million tons, sunflower - by 73% to a 6-month maximum of 330 thousand tons, while soybeans decreased by ...

출처: Graintrade