# Insight: India's $17.6 billion edible oil import bill, oil by oil

> 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.

- Date: 2026-11-04 · published 2026-11-04T21:06:53.525Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/80435-insight-india-s-17-6-billion-edible-oil-import-bill-oil-by-oil
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2020-02-14 | [India's curbs on Malaysian palm imports stir up edible oil trade](https://feedsoft.ai/events/54691-india-s-curbs-on-malaysian-palm-imports-stir-up-edible-oil-trade.md) | -0.3% | -15.0% |
| SBO | 2023-05-03 | [India’s Palm Oil Imports Hit 14-month Low, Said Dealers](https://feedsoft.ai/events/4380-india-s-palm-oil-imports-hit-14-month-low-said-dealers.md) | +1.9% | -7.9% |
| SBO | 2022-07-01 | [Humble rice bran becomes hot commodity as India scours for edible oils](https://feedsoft.ai/events/41016-humble-rice-bran-becomes-hot-commodity-as-india-scours-for-edible-oils.md) | -7.8% | -10.0% |
| SBO | 2025-01-16 | [Exclusive: India's palm oil imports to hit 5-year low in Jan on negative margins, sources say](https://feedsoft.ai/events/26605-exclusive-india-s-palm-oil-imports-to-hit-5-year-low-in-jan-on-negative-margins.md) | -0.5% | +2.2% |
| SBO | 2019-12-01 | [Malaysia signs palm oil export deal as India resumes purchases](https://feedsoft.ai/events/56153-malaysia-signs-palm-oil-export-deal-as-india-resumes-purchases.md) | +1.9% | +15.6% |
| PALMOIL | 2020-02-14 | [India's curbs on Malaysian palm imports stir up edible oil trade](https://feedsoft.ai/events/54691-india-s-curbs-on-malaysian-palm-imports-stir-up-edible-oil-trade.md) | -0.5% | -15.3% |
| PALMOIL | 2024-02-02 | [Palm falls 1% on India efforts to cut edible oil imports - Markets - Business Recorder](https://feedsoft.ai/events/31765-palm-falls-1-on-india-efforts-to-cut-edible-oil-imports-markets-business.md) | +0.6% | +3.9% |
| PALMOIL | 2023-05-03 | [India’s Palm Oil Imports Hit 14-month Low, Said Dealers](https://feedsoft.ai/events/4380-india-s-palm-oil-imports-hit-14-month-low-said-dealers.md) | +9.2% | +2.0% |

## Sources

- food.industry-report.net: https://food.industry-report.net/2026/11/04/insight-edible-oil-import-bill-17-6-billion-2024-25-palm-soy-sunflower/

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