India’s Palm Oil Imports in 2024-25 : Latest Trends & Market Insights

Palm oil is one of India’s most essential edible oil imports, catering to domestic consumption in food processing, cooking, and industrial applications. In this blog, we analyze India’s palm oil import trends, top suppliers, key buyers, and recent trade developments using import-export data providers.

India’s Palm Oil Import Overview

According to Global import-export data provider, India imported over 9 million metric tons (MMT) of palm oil in 2023-24, making it the world’s largest importer. The demand remains high due to competitive pricing compared to other vegetable oils like soybean and sunflower oil.

Top 5 Palm Oil Products Imported by India

1. Crude Palm Oil (CPO) – Bulk of imports (~60%)
2. RBD Palm Oil (Refined, Bleached, Deodorized)
3. Palmolein (Liquid fraction of palm oil)
4. Palm Kernel Oil (Used in cosmetics & food)
5. Palm Stearin (For industrial use)

Top 5 Palm Oil Exporting Countries to India

India primarily sources palm oil from:

1. Indonesia (Largest supplier, ~50% share)
2. Malaysia (Second-largest, ~40% share)
3. Thailand (Emerging supplier)
4. Papua New Guinea (Small but growing)
5. Colombia (Niche market supplier)

Top 5 Buyers & Suppliers in India

Leading Importers (Buyers) in India

1. Adani Wilmar (Fortune Oil)
2. Ruchi Soya (Patanjali Foods)
3. Emami Agrotech
4. Gokul Agro Resources
5. Bunge India

Top Global Suppliers

1. Golden Agri-Resources (Indonesia)
2. Wilmar International (Indonesia/Singapore)
3. Sime Darby Plantation (Malaysia)
4. Musim Mas (Indonesia)
5. IOI Corporation (Malaysia)

Global Trade Issues Affecting Palm Oil Imports

• Price Volatility – Fluctuations due to Indonesia’s export policies.
• Sustainability Concerns – EU deforestation regulations may impact trade.
• Import Duties – India adjusts tariffs to stabilize domestic prices.
• Geopolitical Tensions – Red Sea shipping disruptions (2024-25).

HSN Code for Palm Oil in India

• Crude Palm Oil (CPO) – 1511 10 00
• RBD Palm Oil – 1511 90 10
• Palmolein – 1511 90 20

India’s Palm Oil Import Drops in April 2025

India’s palm oil imports dropped 10-15% in April 2025, reveals latest India import export data. Discover key reasons – high inventories, shift to alternative oils, and lower demand. Get insights on top suppliers, trade trends, and market outlook with authentic import export data analysis.

• High Stockpiles – Domestic inventories were sufficient.
• Shift to Sunflower & Soybean Oil – Price competitiveness.
• Lower Demand from Food Industry – Seasonal slowdown.

Conclusion

India’s palm oil imports remain crucial for its edible oil sector, with Indonesia and Malaysia dominating supplies. Tracking global import-export data providers helps businesses analyze trends, identify key players, and adapt to trade policies.For detailed import-export data on palm oil, connect with leading import-export trade data providers to make informed decisions.