India increased sunflower oil imports to a 4-month high

Published 2024년 12월 5일

Tridge summary

In November, India experienced a surge in edible oil imports, with increases in palm, soybean, and sunflower oil by 0.5%, 20%, and 43% respectively, compared to the previous month. This rise in imports was attributed to the high demand for sweets and fried food during the festivals of Dussehra and Diwali. Consequently, the total edible oil imports in November rose by 12% to 1.6 million tons.

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Original content

This came as refiners increased purchases of palm, soybean and sunflower oil to replenish stocks after high demand during the festival season, Reuters reported, citing market players. It is noted that in October and November, Indians celebrated Dussehra and Diwali, increasing their consumption of sweets and fried food. According to dealers' estimates, palm oil imports in November increased by 0.5% compared to the previous month to 850,000 tons. t. At the same time, the import of soybean oil in November increased by 20% compared to a month ago — to 410,000 tons. t, and the import of sunflower oil jumped by ...

Source: AgroPortal.ua