# India’s Palm Oil Imports Hit 14-month Low, Said Dealers

> India's palm oil imports fell 30% from March to 508,000 tonnes in April, a 14-month low, according to five dealers. Buyers shifted to sunflower oil and soyoil because palm's premium over rival soft oils had widened.

- Date: 2023-05-03 · published 2023-05-03T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/4380-india-s-palm-oil-imports-hit-14-month-low-said-dealers
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower demand from the world's largest vegetable oil importer tends to build Malaysian stocks and pressure palm prices, while the shift benefits competing soft oils.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-03-17 | [Indonesia's Feb palm oil exports hit 4-month high on tax cut \| Reuters](https://feedsoft.ai/events/15575-indonesia-s-feb-palm-oil-exports-hit-4-month-high-on-tax-cut-reuters.md) | -0.8% | -6.4% |
| 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 | 2023-05-01 | [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% |
| PALMOIL | 2020-02-14 | [India's curbs on Malaysian palm imports stir up edible oil trade](https://feedsoft.ai/events/54691-india-s-curbs-on-malaysian-palm-imports-stir-up-edible-oil-trade.md) | -0.5% | -15.3% |
| 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% |
| SBO | 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) | -0.5% | +2.2% |
| SBO | 2023-04-19 | [Palm oil's rare premium leads to 'wash out' in India -dealers](https://feedsoft.ai/events/36508-palm-oil-s-rare-premium-leads-to-wash-out-in-india-dealers.md) | -2.8% | -13.5% |
| SBO | 2020-02-14 | [India's curbs on Malaysian palm imports stir up edible oil trade](https://feedsoft.ai/events/54691-india-s-curbs-on-malaysian-palm-imports-stir-up-edible-oil-trade.md) | -0.3% | -15.0% |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2023/05/03/indias-palm-oil-imports-hit-14-month-low-said-dealers/

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