India's Vegetable Oil Imports Soar 51% as Crude Palm Oil Deliveries Surge

Indias vegetable oil imports surged 51% in September, primarily due to increased deliveries of crude palm oil, while refined oil imports fell to zero for the first time since 2021.

• In September, India imported 16.39 lakh tonnes of vegetable oil, marking a 51% increase over the previous year, driven by a significant rise in crude palm oil shipments.
• For the first time since 2021, Indias refined oil imports dropped to zero, indicating a shift in the countrys cooking oil sourcing strategy amidst changing market dynamics.
• The surge in crude palm oil deliveries reflects growing demand in India for affordable cooking oil, as the country seeks to stabilize its vegetable oil supply chain.