# Palm oil imports by no. 1 buyer seen tumbling to nine-year low

> India's palm oil imports are projected to fall about 21% to 7.4 million tons in the crop year starting November, the lowest since 2010-11. The drop follows restaurant and hotel closures under the nationwide lockdown, which cut food-service demand for the oil. Benchmark palm oil prices have already fallen about 35% this year.

- Date: 2020-05-05 · published 2020-05-05T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/11550-palm-oil-imports-by-no-1-buyer-seen-tumbling-to-nine-year-low
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

India is the world's largest vegetable oil buyer, so a sharp cut in its purchases removes a major source of demand and adds downward pressure on palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-05-05 | 5 | -10.4% | -3.6 | India, the top buyer, is projected to cut palm oil imports to a nine-year low as food-service demand collapses, a bearish demand signal on 5 May. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-02-26 | [Palm oil imports to hit 5-year low amid price shifts, rising output \| Industry News - Business Standard](https://feedsoft.ai/events/26147-palm-oil-imports-to-hit-5-year-low-amid-price-shifts-rising-output-industry.md) | -5.5% | -2.7% |
| PALMOIL | 2025-01-10 | [EU palm oil imports continue to decline](https://feedsoft.ai/events/26537-eu-palm-oil-imports-continue-to-decline.md) | +0.7% | +5.3% |
| PALMOIL | 2025-01-16 | [Exclusive: India's palm oil imports to hit 5-year low in Jan on negative margins, sources say](https://feedsoft.ai/events/26605-exclusive-india-s-palm-oil-imports-to-hit-5-year-low-in-jan-on-negative-margins.md) | -0.3% | +4.2% |
| PALMOIL | 2023-05-03 | [India’s Palm Oil Imports Hit 14-month Low, Said Dealers](https://feedsoft.ai/events/4380-india-s-palm-oil-imports-hit-14-month-low-said-dealers.md) | +9.2% | +2.0% |
| PALMOIL | 2023-05-01 | [Palm oil drops to one-month low on dwindling Malaysian exports](https://feedsoft.ai/events/4382-palm-oil-drops-to-one-month-low-on-dwindling-malaysian-exports.md) | -5.2% | -7.2% |

## Sources

- ajot.com: https://www.ajot.com/news/palm-oil-imports-by-no-1-buyer-seen-tumbling-to-nine-year-low

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.