India's Palm Oil Imports Plunge to 8-Month Low; Prices Stable Amid Market Shifts

• Malaysian palm oil futures show reduced volatility, hovering around 4,010 MYR per tonne, supported by edible oil prices in Dalian and Chicago.
• Stronger Malaysian Ringgit and weak demand from India have pressured palm oil gains despite support from other edible oils.
• India's palm oil imports, the world's largest, have fallen to an 8-month low due to lower winter consumption and consumer shift to alternative oils.
• The market is now focused on December's production and stock figures, along with China's inflation data, for future direction.
• Malaysia's palm oil reserves could reach a 7-year high, potentially increasing price pressure, though New Year and Ramadan demand offer some support.

Why It Matters: India's palm oil imports hit 8-month low, creating market uncertainty despite stable prices.