India’s Palm Oil Imports in 2024-25: A Significant Decline

India, the world’s largest importer of palm oil, has seen a notable drop in its palm oil imports during the 2024-25 fiscal year. This shift has been influenced by changing market dynamics, government policies, and evolving consumer preferences. Businesses tracking India import export data and relying on global import export data providers have observed key trends behind this decline. Key Reasons Behind the Drop in Palm Oil Imports 1. Rising Domestic Oilseed Production The Indian government has been actively promoting domestic oilseed cultivation under schemes like the National Mission on Edible Oils-Oil Palm (NMEO-OP) . Increased production of mustard, soybean, and sunflower oil has reduced dependency on imported palm oil. 2. Shift Towards Alternative Edible Oils Health-conscious consumers and food manufacturers are gradually shifting to healthier alternatives like sunflower oil, soybean oil, and rice bran oil. This trend is reflected in In...