India seen boosting palm oil imports to 13 million tons if prices stay low

In India, palm oil imports are seen increasing as the country takes advantage of low prices resulting from poor biodiesel demand to boost domestic stocks of cooking oil. Imports could reach a record 13 million metric tons in the year to October, up from 11.6 million tons last year.  Imports are extremely price sensitive, however, as demonstrated by the more than 20% drop in imports in January when soy and sunflower oil prices were lower than palm.

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