India edible oil imports drop 29% in June as palm discounts narrow
Total imports fell to 1.11 MT in June 2026 from 1.59 MT a year earlier, with palm oil nearly halving to 0.48 MT. SEA cites narrower discounts and biofuel mandates lifting global prices. Full-year imports may still top 16 MT amid weak monsoon-hit domestic oilseed output; India buys 57% of its cooking oil.
India's edible oil imports fell 29% in June as narrower palm oil discounts curbed demand. SEA flags biofuel mandates lifting global prices; full-year imports may still exceed 16 MT amid weak monsoon-hit domestic oilseed output.