June vegetable oil imports dip 29 per cent
- Posted on July 14, 2026
- By Business News Today
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- 1 min read
In brief
India's vegetable oil imports experienced a significant contraction in June, declining by nearly one-third compared to the previous month. The pullback was primarily attributed to decreased palm oil demand as price differentials with alternative oils narrowed considerably. Soyabean oil purchases also contracted sharply. Currency depreciation of the Indian rupee combined with elevated global cooking oil prices—fueled by biofuel conversion demands—created additional headwinds for import volumes.
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June vegetable oil imports dip 29 per cent
The decline was primarily driven by a sharp fall in palm oil imports, which dropped 10.5% from the previous month as the price gap between palm oil and other edible oils narrowed significantly. Soyabean oil imports also fell 23%. A sharp 18-20% year-on-year increase in international prices of major cooking oils, driven by their diversion for biofuel production and an 11% depreciation of the Indian rupee also weighed on imports.
