India’s Palm Oil Imports Drop Over 24% in April Amid Weak Demand
India’s palm oil imports declined 24.29% month-on-month (m/m) in April, reaching 321,446 metric tons, according to the Solvent Extractors’ Association of India (SEA). The drop marks the fifth consecutive month of below-normal palm oil imports, as buyers shifted preference to cheaper alternatives like soybean oil. Key Market Trends: Reasons Behind the Decline The sharp fall…