India reduced vegetable oil imports by 11% in April, increasing pressure on quotes

게시됨 2025년 5월 6일

Tridge 요약

In April, India saw an 11% reduction in edible oil imports, totaling 865,000 tons, largely due to a significant 24% drop in palm oil imports to 322,000 tons, driven by high costs. Conversely, imports of more affordable soybean oil rose by 2% to 363,000 tons, while sunflower oil imports decreased by 6% to 180,000 tons. The price for May delivery of crude palm oil to India is set at $1,050 per ton, with soybean and sunflower oils priced at $1,100 and $1,200 per ton, respectively. The decline in palm oil prices is putting downward pressure on soybean and sunflower oil prices, and the market is anticipated to stabilize with palm oil trading at a discount due to its lower quality compared to the other oils.

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원본 콘텐츠

According to dealers’ estimates, in April, India reduced imports of edible oils by 11% compared to March to 865,000 tons, primarily expensive palm oil, although it increased imports of much cheaper soybean oil. Thus, palm oil imports decreased by 24% to 322 thousand tons, which is half the average of the previous marketing season, which was 750 thousand tons per month. Importers expect a decrease in palm oil prices, which increases the pressure on soybean and sunflower oil quotations. Sunflower oil imports fell 6% to a 7-month low of 180,000 tonnes, while soybean oil imports rose 2% to 363,000 tonnes. The price of crude palm oil (CPO) for delivery to India in May is $1,050/t C&F (including cost, insurance and freight), crude soybean oil is $1,100/t, and sunflower oil is $1,200/t. July palm oil futures on the Bursa exchange in Malaysia fell 3.6% to 3,827 ringgit/t or $912/t in the week amid falling oil prices, but were supported by a strengthening ringgit. July soybean oil ...

출처: UkrAgroConsult