# India's record vegoil imports lift palm oil demand and support prices

> 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.

- Date: 2026-11-04 · published 2026-11-05T00:06:40.354Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/80622-india-s-record-vegoil-imports-lift-palm-oil-demand-and-support-prices
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2024-06-04 | [India Sees Surge in Palm Oil Imports Amid Price Correction \| Headlines](https://feedsoft.ai/events/8033-india-sees-surge-in-palm-oil-imports-amid-price-correction-headlines.md) | -3.8% | -0.3% |
| PALMOIL | 2026-03-01 | [Indian demand for palm oil to rebound as prices at discount to Chinese soyoil, analysts say](https://feedsoft.ai/events/20692-indian-demand-for-palm-oil-to-rebound-as-prices-at-discount-to-chinese-soyoil.md) | +5.0% | +8.4% |
| PALMOIL | 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) | +1.7% | +9.8% |
| 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 | 2025-04-07 | [US tariffs to impact palm oil demand and prices, says CIMB Securities](https://feedsoft.ai/events/9627-us-tariffs-to-impact-palm-oil-demand-and-prices-says-cimb-securities.md) | +2.0% | +5.6% |
| SBO | 2022-03-02 | [India asks Indonesia to raise palm oil supply as prices spike - sources \| Reuters](https://feedsoft.ai/events/42376-india-asks-indonesia-to-raise-palm-oil-supply-as-prices-spike-sources-reuters.md) | +1.5% | -5.7% |

## Sources

- commodity-board.com: https://commodity-board.com/india-s-surge-in-palm-oil-buying-tightens-global-vegoil-balance

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