In India, palm oil imports are seen increasing as the country takes advantage of low prices resulting from poor biodiesel demand to boost domestic stocks of cooking oil. Imports could reach a record 13 million metric tons in the year to October, up from 11.6 million tons last year. Imports are extremely price sensitive, however, as demonstrated by the more than 20% drop in imports in January when soy and sunflower oil prices were lower than palm.
Category: Fuels