💨 Abstract

India's palm oil imports are expected to drop below soft oils for the first time due to rising prices, pushing refiners towards cheaper alternatives. The share of palm oil in India's total edible oil imports dropped from 56% last year to 43% in the first three months of this year. Lower palm oil imports could weigh on Malaysian palm oil prices and support U.S. soyoil futures.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖