Decrease palm oil imports by India, the world's largest purchaser of vegetable oils, may result in a inventory buildup in high producers Indonesia and Malaysia and weigh on benchmark Malaysian palm oil futures.
In July, palm oil imports declined by 10% to 858,000 metric tons, down from June's 11-month excessive, based on estimates from sellers.
Soyoil imports in July surged 38% month-on-month to 495,000 tons, the best degree in three years. The rise was a results of vessels lastly discharging their cargo in July after being delayed by congestion at Gujarat's Kandla port in June, they mentioned.
Sunflower oil imports fell 7% to 201,000 tons, sellers estimated.
Larger imports of soyoil lifted India's whole edible oil imports in July by 1.5% to 1.53 million tons from a month earlier, the best degree since November, based on sellers' estimates. The import numbers exclude duty-free shipments that arrived by way of land borders from Nepal, they mentioned. After shopping for much less edible oil than traditional within the first half of 2025, India is now rising imports to satisfy rising demand forward of the upcoming festive season, mentioned Aashish Acharya, vp at Patanjali Meals Ltd, a number one importer of edible oils.
In India, edible oil demand, notably for palm oil, sometimes rises throughout the pageant season as a consequence of elevated consumption of sweets and fried meals.
Even within the coming months, imports will stay sturdy as refiners attempt to replenish their inventories, mentioned Rajesh Patel, managing companion at GGN Analysis, an edible oil dealer.
India buys palm oil primarily from Indonesia and Malaysia, whereas it imports soyoil and sunflower oil from Argentina, Brazil, Russia and Ukraine.
Nepal's edible oil imports have been 83,000 tons in July, up from 75,000 tons in June, GGN Analysis estimated.
