# India's palm oil imports in Dec jumps 94% YoY to record high for the month | Economy & Policy News - Business Standard

> India's December 2022 palm oil imports rose 94% from a year earlier to a record 1.1 million tonnes for the month, as palm oil's discount to rival oils widened and refiners increased purchases. Imports for the December quarter reached a record 3.1 million tonnes, according to dealers.

- Date: 2023-01-04 · published 2023-01-04T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/9247-india-s-palm-oil-imports-in-dec-jumps-94-yoy-to-record-high-for-the-month
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Strong Indian buying helps Indonesia and Malaysia reduce inventories, supporting palm oil prices, although the narrowing discount to soyoil may limit further gains.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2020-06-01 | [Palm oil scales near two-month high as May exports rise - Markets - Business Recorder](https://feedsoft.ai/events/52489-palm-oil-scales-near-two-month-high-as-may-exports-rise-markets-business.md) | +12.8% | +14.3% |
| PALMOIL | 2026-02-03 | [Indonesia’s December palm oil exports reach 18-month high](https://feedsoft.ai/events/20697-indonesia-s-december-palm-oil-exports-reach-18-month-high.md) | -1.2% | -0.7% |
| PALMOIL | 2019-10-23 | [Palm oil jumps to 16-month high as China’s waivers boost soy \| The Star](https://feedsoft.ai/events/56666-palm-oil-jumps-to-16-month-high-as-china-s-waivers-boost-soy-the-star.md) | +0.9% | +16.8% |
| PALMOIL | 2021-07-06 | [Palm oil rises to near 4-week peak on strong Indian demand - Markets - Business Recorder](https://feedsoft.ai/events/46161-palm-oil-rises-to-near-4-week-peak-on-strong-indian-demand-markets-business.md) | +1.4% | +6.4% |

## Sources

- business-standard.com: https://www.business-standard.com/article/economy-policy/india-s-palm-oil-imports-in-dec-jumps-94-yoy-to-record-high-for-the-month-123010400118_1.html

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