India's palm oil imports in May 2022 soar to 7-month high
RBD Palm Oil
India
Published Jun 24, 2022
Tridge summary
India's palm oil exports in May 2022 hit a seven-month high and increased 15% in April 2022 as the country overcomes a supply shortage of vegetable oil as Indonesia restricts exports by replacing sources of oil. supply from several other countries. According to the average estimate from 5 dealers, in May 2022, India imported 660,000 tons of palm oil, up from 572,508 tons in April 2022; soybean oil imports increased to 352,614 tons from 315,853 tons in April 2022. The country's soybean oil imports may increase sharply in the coming months, as New Delhi has allowed duty-free imports of 2 million tons of this commodity. Sunflower oil imports rose to 123,970 tonnes from 67,788 tonnes from April 2022. India mainly imports soybean oil from Argentina and Brazil and sunflower oil from Ukraine and Russia. Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and consulting firm, said that India reduced imports of palm oil from Indonesia in May 2022, and increased imports from Malaysia, Thailand, and Papua New Guinea.
Original content
India's palm oil exports in May 2022 hit a 7-month high and increased 15% in April 2022 as the country overcomes a supply shortage of vegetable oil as Indonesia restricts exports by replacing sources of oil. supplied from several other countries. According to the average estimate from 5 dealers, in May 2022, India imported 660,000 tons of palm oil, up from 572,508 tons in April 2022; soybean oil imports increased to 352,614 tons from 315,853 tons in April 2022. The country's soybean oil imports may increase sharply in the coming months, as New Delhi has allowed duty-free imports of 2 million tons of this commodity. Sunflower oil imports rose to 123,970 tonnes from 67,788 tonnes from April 2022. India mainly imports soybean oil from Argentina and Brazil and sunflower oil from Ukraine and Russia. Sandeep Bajoria, CEO of Sunvin Group, a vegetable oil brokerage and consulting firm, said India reduced its palm oil imports from Indonesia in ...
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