India's vegetable oil stocks drop to three-year low on lower palm imports

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India's vegetable oil stocks drop to three-year low on lower palm imports - Business Standard

Quick Summary:

India imported an average of more than 750,000 tons of palm oil each month during the marketing year that ended in October 2024.

The country's imports in April is likely to rise marginally as purchase of palm oil and sunflower oil are expected to increase in the month, said Rajesh Patel, managing partner at GGN Research, an edible oil trader.

Total vegetable oil imports rose 11 per cent to 998,344 million tons, the statement added.