India in April increased imports of palm and soybean oil, but reduced the purchase of sunflower

2024-05-15 11:32:50
Machine translation
India in April increased imports of palm and soybean oil, but reduced the purchase of sunflower

According to the Association of Oil Producers SEA, against the background of low prices for palm oil, India increased its imports in April by 40.9% compared to March to a 3-month maximum of 684,094 thousand tons, and soy oil - by 76.4% to 385,514 thousand tons , reducing the import of sunflower oil by 47.3% to 234,801 thousand tons. The total import of edible oils in April grew by 13% to 1.3 million tons.

 

Crude palm oil (CRO) is offered for delivery in June at a price of $920/t CIF (including the cost of insurance and freight), soybean oil at $920/t, and sunflower oil at $945/t, Reuters reported recently.

 

India buys palm oil mainly from Indonesia, Malaysia and Thailand, and soybean and sunflower oil - from Argentina, Brazil, Ukraine and the Russian Federation.

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