India's edible oil imports hit 4-year low due to depleting inventories

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India's edible oil imports hit 4-year low due to depleting inventories - Business Standard

Quick Summary:

Lower-than-normal imports for the second straight month have depleted stocks in the world's biggest buyer of vegetable oils.

India imported an average of more than 750,000 tonnes of palm oil every month in the marketing year that ended in October 2024, according to the SEA.

India buys palm oil mainly from Indonesia, Malaysia and Thailand, while it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.