India's edible oil imports are expected to reach a four-month high in November:

04-Dec-2024 10:12 AM

India's edible oil imports are expected to reach a four-month high in November:

- Palm oil imports may rise 0.5% to 850,000 tonnes.

- Soybean oil imports could increase by 20% to 410,000 tonnes, the highest in three months.

- Sunflower oil imports are expected to jump 43% to 341,000 tonnes, a four-month high.

- The rise in soybean and sunflower oil imports is expected to boost total edible oil imports by 12% to 1.6 million tonnes.

In December, palm oil imports may fall to 600,000 tonnes due to rising prices making other oils more attractive to Indian buyers.

November estimated imports (in million tonnes):

- Palm oil: 0.85 (+0.5%)

- Soybean oil: 0.41 (+20%)

- Sunflower oil: 0.341 (+43%)

- Total imports: 1.6 (+12%)