Indian Palm oil imports in July saw a significant surge amidst the lower prices and a better refining margin
India secured a record quantity of edible oils for delivery in July, as refiners boosted their acquisitions of palm oil and soy oil, attracted by favorable prices and in anticipation of an expected rise in import duties. This significant increase in palm oil acquisitions by India, the world's largest importer of vegetable oils, is anticipated to aid in diminishing stockpiles in producing nations such as Indonesia and Malaysia, thereby bolstering benchmark prices.
For the ongoing marketing year that started in November 2023, India's average edible oil imports have reached 1.2 million tons. As per a source, 1.45 million tons of edible oils, including 850,000 tons of palm oil, have been offloaded at various Indian ports.
Read More About RBD Palm Oil Production Cost Reports - Get Free Sample Copy in PDF
It is anticipated that palm oil imports for July will see a 45% surge from the previous month, reaching 1.14 million tons. This uptick was encouraged by a price correction in May and June, which rendered palm oil more cost-effective compared to its competitors.
During this period, the refining margins in India remained robust, leading refiners to secure orders for July shipments, according to a source familiar with the matter. Dealers noted that the price gap between palm oil and soy oil expanded significantly in May, surpassing $100 per ton, up from less than $10 in April.
Recent News & Articles
Dipropylene Glycol Prices Rise in June 2026 as Feedstock Costs Sit at $1,161 to $1,283 per MT and Fragrance Grade Availability Tightens
China DMC Exports Surge to Near-Record Levels as Domestic Inventory Overflows
Short-Term DMT Contracts Gain Ground as US Tariffs Force Procurement Strategy Reset
South Korea Bio-DME Investment Signals Long-Term Shift in Asia Clean Fuel Supply Chains
REACH and TSCA Compliance Costs Add 15-20% to Dinitrotoluene Production as Toluene Volatility and Weak TDI Demand Compress Returns in June 2026 Key Takeaways
Tags
- Access independent price trends and market intelligence for thousands of raw materials.
- Request customised production cost and prefeasibility reports for specific plants or locations.
- Explore subscription dashboards for continuous tracking of prices, indices, and news.
- Commission bespoke research on categories, suppliers, or trade flows tailored to your brief.
Our Team will be happy to assist you
We are Just a Text away
