India Soybean Oil Imports Seen Surging In OY25: Ind-Ra
Ind-Ra expects India’s soybean oil imports to spike in OY25 as high palm oil prices spur substitution and Indonesia’s biofuel plan adds supply risk.
Ind-Ra expects India’s soybean oil imports to spike in OY25 as high palm oil prices spur substitution and Indonesia’s biofuel plan adds supply risk.
The report states that it would take two to three quarters to widen margins, but the company will not be pushing up the prices suddenly
India’s vegetable oil imports witnessed a 13 per cent year-on-year (YoY) decline in February 2024, reaching nearly 9.75 lakh tonne, according to data released by the solvent extractors’ association of India (SEA). This decrease follows a similar trend observed in January 2024. The SEA reported that total vegetable oil imports, which encompass both edible and […]