India boosts palm oil imports as prices fall

Published 2025년 5월 5일

Tridge summary

India, the world's largest palm oil importer, is ramping up its purchases due to a significant drop in palm oil prices, making it more attractive than soybean oil. This price change has positively impacted Malaysian palm oil futures, which have fallen by nearly 10% since early 2025. Previously, Indian millers had stopped importing palm oil due to high prices, but with palm oil now cheaper than soybean oil, new orders are being placed. The crude palm oil price for May delivery to India is around $1,050 per tonne, compared to $1,100 per tonne for crude soybean oil. After a slowdown in imports since December 2024, imports are expected to rise sharply, potentially exceeding 700,000 tonnes per month from July to September. India imports palm oil from Indonesia and Malaysia, while soybean and sunflower oils are sourced from countries like Argentina and Brazil.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India, the world’s largest importer of palm oil, is accelerating its purchases after a sharp drop in prices made the commodity more attractive than soybean oil. The price move has already supported Malaysian palm oil futures, which have fallen nearly 10% since the start of 2025. “Indian millers have suspended palm oil imports due to high prices,” Sandeep Bajoria, CEO of brokerage Sunvin Group, said earlier. Now that palm oil is trading below soybean oil, fresh orders are being placed, the company said. Market sources say the crude palm oil (CPO) price for delivery to India in May is around US$1,050 per tonne (including cost, insurance and freight), while the crude soybean oil price is hovering around US$1,100 per tonne. Palm oil imports have slowed significantly since December 2024, when the price gap between palm oil and soybean oil exceeded $100 per tonne. India imported 1.57 million tonnes of palm oil between December and March, averaging just under 385,000 tonnes per month. ...

Source: UkrAgroConsult