India in April increased imports of palm and soybean oil, but reduced the purchase of sunflower

게시됨 2024년 5월 15일

Tridge 요약

In April, India experienced a significant increase in edible oil imports, with palm oil rising by 40.9% to 684,094 thousand tons and soy oil by 76.4% to 385,514 thousand tons, reaching a 3-month high. Conversely, sunflower oil imports saw a decrease of 47.3% to 234,801 thousand tons. This surge in imports contributes to an overall 13% growth to 1.3 million tons in April. The prices for crude palm oil, soybean oil, and sunflower oil for June delivery are reportedly $920/t CIF, $920/t, and $945/t respectively. India's main suppliers for palm oil are Indonesia, Malaysia, and Thailand, while soybean and sunflower oil are sourced from Argentina, Brazil, Ukraine, and Russia.

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원본 콘텐츠

According to the Association of Oil Producers SEA, against the backdrop of low prices for palm oil, India increased its imports in April by 40.9% compared to March to a 3-month high of 684,094 thousand tons, and soy oil by 76.4% to 385,514 thousand tons , reducing the import of sunflower oil by 47.3% to 234,801 thousand tons. The total import of edible oils in April grew by 13% to 1.3 million tons. Crude palm oil (CPO) is being offered for delivery in June at a price of $920/t CIF (including insurance and freight), soybean oil at $920/t, and sunflower oil ...

출처: Graintrade