Festival demand may lift India’s edible-oil imports to 1.5 million tonnes a month
With domestic soybean and mustard crushing supplies tightening ahead of the festive season, importers and refiners are building palm and soybean oil inventories. India’s edible-oil imports are projected at 16.3 million tonnes this marketing year, up from 16 million tonnes last year.
India may increase edible-oil imports ahead of festivals as domestic soybean and mustard crushing supplies run low. Importers and refiners are building palm and soybean oil inventories, with total marketing-year imports projected to reach 16.3 million tonnes.
Why this matters
No related recent signals are listed for the India edible oil market. This signal indicates tighter domestic crushing supplies and increased palm and soybean oil inventory building ahead of festival demand.
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