India Imports 3.01 Lakh Tonnes of Palm Oil from Malaysia in July

21-Aug-2025 01:52 PM

Kuala Lumpur. Malaysian Palm Oil Council (Empoc) has said that during the month of July, the gross export of palm oil from Malaysia to India increased by 16 percent to 3.01 lakh tonnes as compared to June, which was the highest level in the last 9 months.

Despite this, the total outstanding surplus stock of palm oil products in Malaysia jumped to a peak of 21.10 lakh tonnes at the end of July, which is the highest level in the last 19 months.

The main reason for this is the increase in production and the performance of total exports is not satisfactory.

A statement issued by Empoc said that the demand for edible oils in India is expected to remain strong in the future as the festive season has started here and importers may try to build a large stock of palm oil and other edible oils by importing them heavily before Diwali.

On the other hand, about 3 lakh tonnes of palm oil is expected to be imported in the countries of sub-Saharan Africa, which may provide some additional support to Malaysian exports.

The statement said that although the outstanding surplus stock of palm oil in Malaysia has been increasing since February 2025, the supply pressure on the market is still limited, so there is no sharp fall in prices.

On the other hand, the biodiesel program in Indonesia is running on track in a systematic manner and more than 1 million tonnes of palm oil is being used per month in its production since February. As a result, a very huge outstanding surplus stock of palm oil is not being formed there.

Due to the ever increasing domestic demand in the US, soybean oil prices are witnessing a bullish trend. As a result, the price of soybean oil has increased by $ 131 per tonne in Argentina and $ 148 per tonne in the US as compared to Malaysian palmolein for the current month (August). Due to the rise in the prices of American soybean oil, the prices of other edible oils are also improving.