India’s palm oil imports fell to their lowest level in 14 months in June, signaling a sharp slowdown in demand from the world’s largest vegetable oil importer.
Shipments dropped approximately 11% from the previous month to 487,846 metric tons, according to dealer reports cited by Brecorder.
India’s total edible oil imports fell by 30% in June, with significant contractions in both palm and soybean oil shipments.
The decline was driven by a combination of subdued domestic demand and a narrowing price discount for palm oil against rival vegetable oils.
As the cost advantage of palm oil erodes, buyers have shifted procurement toward cheaper alternatives, reducing the urgency to stockpile the commodity.
This development adds to broader concerns about weakening edible oil demand in key Asian markets.
India’s total edible oil imports fell by 30% in June, with significant contractions in both palm and soybean oil shipments.