India consumes 23-25 million tonnes of edible oil annually, with 8-10 million tonnes being palm oil. The majority of this palm oil is used in food, with the rest being used in cosmetics and industrial products. Indonesia, Malaysia, and Thailand are the primary suppliers of India's palm oil. The demand for palm oil in India has remained stable in the past decade due to its low cost, extended shelf life, and neutral taste. In 2024, the price of palm oil increased by 22%.