Tariff War Leads to 7-8% Drop in Edible Oil Prices in India

25-Apr-2025 10:19 AM

Tariff War Leads to 7-8% Drop in Edible Oil Prices in India
★ Since the implementation of new tariffs earlier this April, the landed prices of both crude and refined palm oil in India have dropped by approximately 7–8%.
★ The price of crude soybean oil, another major edible oil imported by India, has also declined sharply—falling by around $48 per tonne between April 11 and 21.
★ While this price drop offers temporary relief to Indian consumers, experts warn that the benefit may be short-lived if global trade tensions escalate or persist.
★ Meanwhile, KLC palm oil futures showed strength today, continuing the positive momentum seen in the market yesterday as well.