India's palm oil imports hit 5-year low as soyoil purchases surge to record

India's palm oil imports hit a five-year low in the 2024/25 marketing year, while soyoil purchases reached a record high. This shift, driven by a widening price premium for palm oil, saw its share in India's total vegetable oil imports drop significantly. The country's overall vegetable oil imports saw a marginal increase, with substantial spending recorded.