Major Shake-Up in the Edible Oil Market
29-Sep-2025 05:45 PM
Major Shake-Up in the Edible Oil Market
★ According to sources, India has recently booked around 200,000 tonnes of soybean oil from China. This is notable because China itself is the world’s second-largest edible oil buyer after India.
★ Sources say soybean oil is $50–60 per tonne cheaper than palm oil, which is driving stronger demand from Indian buyers.
★ The situation is now completely reversing — until recently, India relied mainly on traditional suppliers such as Indonesia, Malaysia, Argentina, and Brazil, but the picture is changing.
★ India is now buying palm oil from Latin American companies, soybean oil from China and the United States, and canola oil from Canada.
★ This has created a sort of “reverse flow” in the global edible oil trade, breaking the long-standing dominance of some major suppliers.
★ Experts believe India’s move will boost competition, and many traditional suppliers may now offer attractive discounts to retain a foothold in the Indian market.