# Will Crude Palm Oil Prices Flare-Up Again? - Geojit Financial Services Blog

> 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.

- Date: 2020-03-04 · published 2020-03-04T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/5817-will-crude-palm-oil-prices-flare-up-again-geojit-financial-services-blog
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-04-29 | [China palm oil deal unlikely to bump up CPO prices](https://feedsoft.ai/events/6146-china-palm-oil-deal-unlikely-to-bump-up-cpo-prices.md) | -7.8% | -7.9% |
| PALMOIL | 2021-02-22 | [Crude Palm Oil Becomes Indonesia's Largest Export Product by Value](https://feedsoft.ai/events/48503-crude-palm-oil-becomes-indonesia-s-largest-export-product-by-value.md) | +1.2% | +7.4% |
| PALMOIL | 2021-01-27 | [The sharp rise in prices of soybean oil will support prices for sunflower oil and sunflower](https://feedsoft.ai/events/49249-the-sharp-rise-in-prices-of-soybean-oil-will-support-prices-for-sunflower-oil.md) | -5.2% | +0.6% |
| PALMOIL | 2018-10-02 | [Palm Oil News - The Trade Run Well but Did not Make the CPO Price Better](https://feedsoft.ai/events/7624-palm-oil-news-the-trade-run-well-but-did-not-make-the-cpo-price-better.md) | +1.2% | +1.6% |
| PALMOIL | 2023-11-21 | [Govt must hike duty differential between crude & refined palm oil to 15 per cent: Edible oil industr](https://feedsoft.ai/events/15691-govt-must-hike-duty-differential-between-crude-and-refined-palm-oil-to-15-per.md) | -0.2% | -2.9% |
| SBO | 2024-06-04 | [India Sees Surge in Palm Oil Imports Amid Price Correction \| Headlines](https://feedsoft.ai/events/8033-india-sees-surge-in-palm-oil-imports-amid-price-correction-headlines.md) | +0.5% | +4.7% |
| SBO | 2021-04-27 | [Black Sea oilseeds: surging prices – where is the psychological limit?](https://feedsoft.ai/events/47715-black-sea-oilseeds-surging-prices-where-is-the-psychological-limit.md) | +2.7% | +2.8% |
| SBO | 2021-01-27 | [U.S. soybean crushers buy up extra beans as supply scramble looms \| Financial Post](https://feedsoft.ai/events/49223-u-s-soybean-crushers-buy-up-extra-beans-as-supply-scramble-looms-financial-post.md) | +3.8% | +13.1% |

## Sources

- blog.geojit.com: https://blog.geojit.com/will-crude-palm-oil-prices-flare-up-again/

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