India's Palm Oil Imports Hit 8-Month Low Amid Shift to Rival Oils
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India's Palm Oil Imports Hit 8-Month Low Amid Shift to Rival Oils

India's palm oil imports decreased to an eight-month low in December, totaling 507,204 metric tons. This decline is attributed to refiners increasing their purchases of alternative oils like soyoil and sunflower oil, influenced by weaker seasonal demand during winter. Concurrently, imports of soyoil and sunflower oil saw significant increases, reaching multi-month highs. This shift in India's vegetable oil purchasing could impact global inventories and futures prices for palm oil and soyoil.

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