date:Jan 19, 2023
oduct is considerably more affordable than other vegetable oils. However, excess imports are leading to record domestic stocks, which are almost 100% higher than one year earlier.
The FAO Agricultural Outlook predicts Indias vegetable oil consumption to grow 2.3% annually until 2030, compared with flat consumption outlooks in the EU and US.
Furthermore, a higher use of palm oil in the biofuel mix in Indonesia starting in February is set to consume part of the excess palm oil reserves in the c