Lower prices drive rebound in Indian palm oil imports despite Chinese competition
Indian palm oil demand is recovering as prices fall below Chinese soyoil. Analysts expect imports to rise while overall consumption remains mostly flat.
Insights:
Crude palm oil prices have fallen below crude soyoil prices, creating a price inversion that is expected to trigger a significant rebound in palm oil imports for India 
IN. As the world’s largest palm oil importer, the country is forecasted by analysts to increase its intake to between 8.5 million and 9 million tonnes, up from the 7.6 million tonnes imported in 2025. This shift in pricing has immediately altered import incentives, making palm oil more competitive compared to other varieties within the Indian edible oils sector (palm, soybean, sunflower, rapeseed).
IN. As the world’s largest palm oil importer, the country is forecasted by analysts to increase its intake to between 8.5 million and 9 million tonnes, up from the 7.6 million tonnes imported in 2025. This shift in pricing has immediately altered import incentives, making palm oil more competitive compared to other varieties within the Indian edible oils sector (palm, soybean, sunflower, rapeseed).
