India seen boosting palm oil imports to 13 million tons if prices stay low

March 3, 2015 |

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

Thank you for visting the Digest.