Edible Oil Imports Projected to Reach 1.66 Million Tonnes in October

Mumbai. Industry analysts project that edible oil imports will surge to 1.66 million tonnes in October 2026—an increase of approximately 8% over September’s figures and the highest level in 14 months. Within this, palm oil imports are expected to rise by 2% to 825,000 tonnes.

Similarly, soybean oil imports are projected to increase by 2%, reaching around 550,000 tonnes. As for sunflower oil, imports are expected to more than double (a 114% increase) compared to September, reaching 225,000 tonnes—a notable shift, given that imports of this commodity had been declining over the previous two months.

It is understood that the Malaysian government is considering suspending its 10% export duty on crude palm oil to facilitate faster shipments. It is worth noting that surplus palm oil stocks surged to a record high of 3.51 million tonnes by the end of September 2026, placing significant pressure on the industry.

With a series of festivals falling in November, demand for and consumption of edible oils in India are expected to see a sharp rise; consequently, Indian refiners have imported large quantities from abroad.