India's edible oil imports climb 6.7% to 13.39 lakh tonnes in May; soyabean oil leads surge
Edible oil imports rose to 13.39 lakh tonnes in May 2026, up 6.7% YoY, with crude soyabean oil shipments hitting 4,93,854 tonnes. Duty differential favoring crude over refined oils crushed RBD Palmolein's share to 3% from 16%, redirecting volumes to domestic refiners. 7-month cumulative imports at 93.65 lakh tonnes, up 12%.
India's edible oil imports rose 6.7% YoY to 13.39 lakh tonnes in May 2026, led by crude soyabean oil. Government's duty differential favoring crude over refined oils slashed RBD Palmolein imports, boosting domestic refining.