# Palm Oil Imports by Biggest Buyer Expected to Hit 10-Month High - Bloomberg

> Indian palm oil imports in July are estimated to have jumped about 46% to 823,000 tonnes, the highest since September. Refiners and traders increased purchases as stockpiles fell and food service demand recovered after lockdown easing.

- Date: 2020-08-05 · published 2020-08-05T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/6795-palm-oil-imports-by-biggest-buyer-expected-to-hit-10-month-high-bloomberg
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

India is the largest palm oil buyer, so a sharp rise in its imports tightens global palm supply and supports prices. Stronger import demand also points to firm vegetable oil markets.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2024-05-02 | [India’s April palm oil imports jump 41% to three-month high \| FMT](https://feedsoft.ai/events/4569-india-s-april-palm-oil-imports-jump-41-to-three-month-high-fmt.md) | +1.9% | +3.2% |
| PALMOIL | 2018-02-04 | [Indonesia Palm Oil Exports to India Seen at Record on Demand - Bloomberg](https://feedsoft.ai/events/66571-indonesia-palm-oil-exports-to-india-seen-at-record-on-demand-bloomberg.md) | +0.4% | -0.4% |
| PALMOIL | 2020-06-01 | [Palm oil scales near two-month high as May exports rise - Markets - Business Recorder](https://feedsoft.ai/events/52489-palm-oil-scales-near-two-month-high-as-may-exports-rise-markets-business.md) | +12.8% | +14.3% |
| PALMOIL | 2025-07-28 | [MPOB expects palm oil exports to recover in second half of 2025 \| The Star](https://feedsoft.ai/events/23855-mpob-expects-palm-oil-exports-to-recover-in-second-half-of-2025-the-star.md) | +0.3% | +5.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-08-05/palm-oil-imports-by-biggest-buyer-expected-to-hit-10-month-high

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