India's January palm oil imports rise to four-month high as buyers cut soyoil purchases

India's edible oil imports saw a significant shift in January. Palm oil imports jumped by 51 percent, reaching a four-month peak. This surge was driven by attractive pricing compared to soyoil. Consequently, soyoil imports dropped to a 19-month low. Sunflower oil imports also declined. Overall edible oil imports decreased slightly due to these changes.