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A Geojit blog post outlines India's edible oil market, which imports about 17 million tonnes annually, with palm oil from Malaysia and Indonesia as the largest share. It cites Rabobank forecasts that Indian vegetable oil demand will grow about 3% a year to 34 million tonnes by 2030.
India's large and growing import dependence makes its buying decisions a key influence on palm, soy and sunflower oil prices. Feed buyers should watch Indian import demand as a support for vegetable oil prices over the medium term.
blog.geojit.comVinod TPMar 4, 2020After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% over 20.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
