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Argentina and Malaysia have overtaken Indonesia as India's leading vegetable oil suppliers in 2025/26. India imported 3.42 million tonnes of vegetable oil from Argentina, 2.97 million from Malaysia and 2.90 million from Indonesia between November 2025 and September 2026.
Malaysian palm stocks are at or near record levels while Indonesian prices remain firm.
The shift in India's supplier mix changes palm oil trade routes and premiums, with Malaysia gaining share while Indonesia's biodiesel-driven exports lose ground. Record Malaysian stocks against steady Indonesian prices point to limited near-term price direction.
commodity-board.comCMB NewsNov 12, 2026After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
