India's edible oil consumption is projected to grow at a rate of 2%-3% due to affordable prices, despite a 20% import duty hike, according to Sanjeev Asthana, CEO of Patanjali Foods. India, the world's largest importer, meets 70% of its vegetable oil demand through foreign sourcing and could see palm oil imports increase to 9-10 million metric tons in 2024-25. The country's sunflower oil imports, which have surged this year due to lower prices, are expected to return to normal in the next year. Soyoil imports are likely to remain steady, and India's soybean crop could see a rise to 11 million tons from 10 million tons if the weather permits.