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India’s Edible Oil Imports Surge 31% in June, Led by Palm Oil Rebound and Seasonal Demand

Updated: July 14, 2025 12:03

Image Source: India Seatrade News
India’s vegetable oil imports rose sharply in June 2025, reaching 1.55 million tonnes, up from 1.18 million tonnes in May. The spike was driven by aggressive buying of palm oil amid falling global prices and seasonal restocking ahead of the festive season. While sunflower oil imports also rose, soyoil volumes declined marginally.
 
Key Highlights:
  • Palm oil imports jumped 61 percent month-on-month to 955,683 tonnes, as refiners took advantage of a 28-month price low and fast delivery timelines.
  • Sunflower oil imports increased 18 percent to 216,141 tonnes, supported by competitive pricing from Black Sea exporters.
  • Soybean oil imports fell 10 percent to 359,504 tonnes, reflecting a shift in preference toward cheaper tropical oils.
  • Total vegetable oil imports rose 31 percent to 1,549,825 tonnes, marking the highest monthly volume since November 2024.
Market Dynamics and Strategic Implications:
  • The surge in palm oil imports is expected to support Malaysian futures and ease inventory pressure in Indonesia and Malaysia.
  • India’s edible oil stocks had dropped to multi-year lows in May, prompting refiners to rebuild reserves aggressively.
  • The import mix reflects price sensitivity among Indian buyers, with palm oil regaining share due to its discount over soft oils.
  • Government’s recent import duty cuts on crude edible oils have further incentivized bulk purchases.
Sources: Devdiscourse, UkrAgroConsult, Business Standard, The Hindu, AgriInsite, Reuters (July 2025)

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