India spent $17.59 billion on fats and oils imports in 2024-25, about 2.44% of its total import bill. Soybean oil imports rose 52.93% as refiners switched from palm oil, which had traded at a premium for much of the year.
The shift toward soybean oil shows how palm-soy price spreads redirect Indian import demand between origins and oils. Continued switching would keep demand supportive for soybean oil and sensitive to palm premiums.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% 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.