Import of edible oils is estimated to improve and reach 9.68 lakh tonnes in March

03-Apr-2025 04:41 PM

This report highlights the trends in India's edible oil imports for March 2025, showing an overall increase driven by palm oil and soybean oil imports, while sunflower oil imports declined. Some key insights include:

  • Overall Increase: Edible oil imports rose by 9.3% in March compared to February, reaching 9.68 lakh tonnes.

  • Palm Oil Surge: Palm oil imports increased by 132% to 4.23 lakh tonnes, though still below the expected 5 lakh tonnes.

  • Soybean Oil Growth: Soybean oil imports increased by 24% to 3.52 lakh tonnes.

  • Sunflower Oil Decline: Sunflower oil imports fell by 15.5%, dropping to 1.93 lakh tonnes, the lowest in six months.

Industry Impact:

  • The increase in palm oil and soybean oil imports may influence futures prices in global markets (Malaysia and Chicago).

  • Palm oil remains costlier than soybean oil, leading to weaker demand in India.

  • Future shipments (April-May) indicate continued lower palm oil imports (<5 lakh tonnes).

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