India Increases Palm Oil Imports After Import Duty Cuts

The Government of India has increased palm oil imports following a decision to slash import duties on edible oils. This tax reduction aims to spur restocking among refiners and distributors who are preparing for the upcoming Diwali festival and the subsequent wedding season.

Industry response to the policy shift has been immediate. Patanjali Foods Ltd reported that more than 200,000 tons of crude palm oil were purchased in a single week to address low stock levels among downstream buyers. The surge in imports follows a period of depleted inventories across the domestic supply chain.