India’s palm oil imports to rebound from 5-yr low on competitive prices

The increase in purchases by the world’s largest buyer is likely to reduce stocks in key producing countries such as Indonesia and Malaysia and lend support to benchmark Malaysian palm oil futures. “Palm oil prices have become competitive relative to other oils after the recent decline, and that will drive import demand,” Sanjeev Asthana, president of the Solvent Extractors’ Association of India (SEA), said. The country’s palm oil imports in the 2025/26 marketing year, which started on November 1, could rise to 9.3 million metric tons, from last year’s 7.58 million tons, the lowest in five years, said Asthana, who is also the CEO of Patanjali Foods Ltd. Palm oil imports fell 15.9 per cent in the previous marketing year as the oil traded at a premium to rival soyoil for much of the period. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a ...