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Stocks of edible oil dip to five-year low
Business Standard
|May 15, 2025
Palm, soyoil imports may rise in coming months
India's edible oil stocks in ports and pipelines dipped to a five-year low of 1.35 million tonnes (mt) as on May 1, 2025, due to a sharp drop in April palm oil imports that fell to their lowest in four years, data from the Solvent Extractors Association of India (SEA) showed.
The last time India had lower than May 1, 2025 stocks in ports and pipelines was back on 1 May 2020, when it had stocks of around 0.91 mt.
Depleted stocks may mean India will increase imports of palm oil and soyoil in the coming months, supporting Malaysian palm oil prices and US soyoil futures, news agency Reuters said.
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