India Palm Oil Imports: India s palm oil imports reached their highest in four months in December, driven by increased purchases of refined palmolein due to competitive prices. This could help lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The SEA reported a 2.8% rise in December palm oil imports, with refined palm oil imports soaring by 47% to 251,667 tons.
India s palm oil imports reached their highest in four months in December, driven by increased purchases of refined palmolein due to competitive prices. This could help lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The SEA reported a 2.8% rise in December palm oil imports, with refined palm oil imports soaring by 47% to 251,667 tons.
India s palm oil imports surged 22% in November, reaching 867,000 metric tons, the highest in three months. The increase is attributed to steep discounts compared to soyoil and sunflower oil, prompting refiners to switch to palm oil. The move could help lower palm oil stocks in top producers Indonesia and Malaysia.
India Palm Oil Imports: India s palm oil imports surged 22% in November, reaching 867,000 metric tons, the highest in three months. The increase is attributed to steep discounts compared to soyoil and sunflower oil, prompting refiners to switch to palm oil. The move could help lower palm oil stocks in top producers Indonesia and Malaysia.
India Palm Oil Imports: Indian buyers have halted palm oil purchases for December and January due to rising prices and negative margins from heavy imports. This could lead to higher palm oil stocks in Indonesia and Malaysia. The landed cost of crude palm oil for December shipments is 77,500 rupees per metric ton, while already imported oil is offered at 76,500 rupees.