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India's vegetable oil imports rose to 1.74 million tonnes in October, a two-year high, led by palm oil as refiners restocked and took advantage of reduced import duties. Palm oil imports reached their highest level in over a year, and demand is expected to stay elevated into November.
Malaysian palm oil futures are trading mostly between MYR 4,600 and 4,800 per tonne.
Strong Indian import demand tightens near-term global vegetable oil supply and helps offset high producer inventories. This provides a firmer price floor for palm oil and competing oils used in feed and food.
commodity-board.comNov 4, 2026After 133 past bullish trade events, Palm Oil moved a median +0.7% over 5 sessions (64% higher; middle half -0.8% to +2.3%), and +1.7% over 20.
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.
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.
