India's Palm Oil Imports Hit 8-Month Low, Soybean and Sunflower Oil Purchases Surge

• Palm oil imports in India dropped to an 8-month low in December, reaching 507,204 tonnes, a 20% decrease from November.
• The decline is attributed to weak winter demand and refiners shifting to other edible oils.
• Soybean oil imports surged by 36% to 505,112 tonnes, a three-month high, while sunflower oil imports jumped 145% to 349,929 tonnes, a 17-month high.
• Despite the palm oil dip, India's total edible oil imports increased by 17% to 1.38 million tonnes in December.
• India relies heavily on imports, sourcing palm oil from Indonesia/Malaysia and soybean/sunflower oil from Argentina, Brazil, Russia, and Ukraine.

Why It Matters: India's edible oil import trends shifted in December, with palm oil declining while soybean and sunflower oil surged.