# India Sees Surge in Palm Oil Imports Amid Price Correction | Headlines

> India's palm oil imports rose 12.4% in May to 769,000 metric tons, the highest since January, as lower prices prompted traders to buy more refined palm oil. Crude palm oil was offered near $948 a ton CIF for July delivery, below soyoil and sunflower oil.

- Date: 2024-06-04 · published 2024-06-04T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/8033-india-sees-surge-in-palm-oil-imports-amid-price-correction-headlines
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong Indian demand at discounted prices supports Malaysian palm oil futures, which had hit three-month lows, and makes palm a competitive vegetable oil for feed buyers.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-10-01 | [India's August palm oil imports hit 1-year high on festive demand, price advantage](https://feedsoft.ai/events/22970-india-s-august-palm-oil-imports-hit-1-year-high-on-festive-demand-price.md) | +0.9% | +0.3% |
| PALMOIL | 2021-04-14 | [India leans on Malaysia as palm oil imports pick up: SEAI](https://feedsoft.ai/events/47470-india-leans-on-malaysia-as-palm-oil-imports-pick-up-seai.md) | +3.9% | +15.3% |
| 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 | 2019-01-01 | [India cuts tax on crude, refined palm oil imports from ASEAN countries - IBTimes India](https://feedsoft.ai/events/5589-india-cuts-tax-on-crude-refined-palm-oil-imports-from-asean-countries-ibtimes.md) | +6.1% | +8.1% |
| SBO | 2022-05-22 | [Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports](https://feedsoft.ai/events/41497-malaysia-sees-sustained-competitiveness-even-as-indonesia-resumes-palm-oil.md) | -1.6% | -9.5% |
| SBO | 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) | -2.1% | +1.6% |
| SBO | 2018-05-31 | [Palm oil exports from Indonesia and Malaysia fell](https://feedsoft.ai/events/65117-palm-oil-exports-from-indonesia-and-malaysia-fell.md) | -2.6% | -7.8% |

## Sources

- devdiscourse.com: https://www.devdiscourse.com/article/headlines/2960723-india-sees-surge-in-palm-oil-imports-amid-price-correction

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