# India’s April palm oil imports jump 41% to three-month high | FMT

> India's palm oil imports rose 41% month on month in April to 682,000 tonnes, the highest in three months, as lower prices prompted refiners to buy more. Palm was offered at about $920 per tonne CIF for June delivery, roughly level with soyoil and below sunflower oil, and May imports may rise by about 700,000 tonnes.

- Date: 2024-05-02 · published 2024-05-02T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/4569-india-s-april-palm-oil-imports-jump-41-to-three-month-high-fmt
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Stronger Indian demand and palm's price correction to parity with rival oils support palm prices near three-month lows. Sunflower oil loses share in India, which is a bullish signal for palm.

## Read by commodity

- PALMOIL: bullish ▲
- SUNMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-01-04 | [India's palm oil imports in Dec jumps 94% YoY to record high for the month \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/9247-india-s-palm-oil-imports-in-dec-jumps-94-yoy-to-record-high-for-the-month.md) | -4.5% | -7.0% |
| PALMOIL | 2019-01-02 | [Palm oil jumps over 2 percent to as India cuts import tax](https://feedsoft.ai/events/5584-palm-oil-jumps-over-2-percent-to-as-india-cuts-import-tax.md) | +6.1% | +8.1% |
| PALMOIL | 2026-02-03 | [Indonesia’s December palm oil exports reach 18-month high](https://feedsoft.ai/events/20697-indonesia-s-december-palm-oil-exports-reach-18-month-high.md) | -1.2% | -0.7% |
| PALMOIL | 2019-10-23 | [Palm oil jumps to 16-month high as China’s waivers boost soy \| The Star](https://feedsoft.ai/events/56666-palm-oil-jumps-to-16-month-high-as-china-s-waivers-boost-soy-the-star.md) | +0.9% | +16.8% |
| PALMOIL | 2021-07-01 | [India’s lower import duty a boon to Malaysia’s palm oil](https://feedsoft.ai/events/45940-india-s-lower-import-duty-a-boon-to-malaysia-s-palm-oil.md) | +1.7% | +9.8% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2024/05/02/indias-april-palm-oil-imports-jump-41-to-three-month-high

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