인도 열대성 인사이트

India’s palm oil imports in January fell 45% from December to 275,241 metric tons, the Solvent Extractors’ Association of India (SEA) said on Wednesday. Imports of soyoil increased 5.6% to 444,026 tons and sunflower oil imports rose 8.9% to 288,284 tons, the industry trade body said.

In January, India reduced imports of vegetable oils by 16%, but may increase purchases in February, especially of palm oil.

Malaysian palm oil futures settled higher on Wednesday, buoyed by stronger rival Dalian edible oils, while traders were optimistic about the potential resumption of palm oil demand from India. The benchmark palm oil contract FCPO1! for April delivery on the Bursa Malaysia Derivatives Exchange gained 24 ringgit, or 0.56%, to 4,332 ringgit a metric ton at the close. The contract dropped 1.35% on Tuesday. Market participants are optimistic about India resuming palm oil purchases to replenish its stocks after the country’s palm oil imports hit multi-year lows in January, said Anilkumar Bagani, commodity research head at Mumbai-based Sunvin Group. “The broader positive trade in Chinese vegetable oils during Asian hours was also a factor behind some strength seen in crude palm oil futures,” Bagani said. Dalian’s most-active soyoil contract (DBYcv1) rose 2.97%, while its palm oil contract CPO1! added 3.04%. Soyoil prices on the Chicago Board of Trade ZL1! shed 0.7%. Palm oil tracks ...