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2025-09-15 16:12:04
India's August Palm Oil Imports Hit a 13-Month High: (1) Palm oil imports in August increased by 15.8% month-over-month to 990,500 tons, the highest since July 2024. Refineries locked in cargoes in advance, driven by favorable prices and Diwali stocking demand. (2) Soybean oil imports fell by 25.3% month-over-month to 367,900 tons, a four-month low. Sunflower oil imports increased by 28.5% month-over-month to 257,100 tons, a seven-month high. India imported 6,000 tons of rapeseed oil, the first time in nearly five years, bringing total vegetable oil imports to 1.62 million tons, a 4.7% month-over-month increase and the highest level since July 2024. (3) Traders expect palm oil arrivals to remain above 800,000 tons in September, driven by continued festive demand. In the first nine months of the marketing year, India imported 589,300 tons of vegetable oil from Nepal at zero tariff.
