Energy Markets
Dealers say that India's palm oil imports in May rose 87%, reaching a six-month record.
Five dealers report that India's imports of palm oil in May reached a six-month record, due to lower inventories, and the discount offered by palm oil over rivals soyoil or sunflower oil. India, which is the largest buyer of vegetable oil in the world, may increase its palm oil imports and U.S. soybean oil futures. According to dealers, palm oil imports rose 87% in May compared to the previous month, to 600,000 tons. This is the highest level since November 2024. The Solvent Extractors' Association of India said that India imported more than 750,000 tonnes of palm oil per month...