India, "the world's leading importer of palm oil"
India is the world’s leading palm oil importer. Vegetable oils or cooking oils are the most used essentials of Indian kitchen. Indian domestic kitchens rely largely on cooking oils. Due to rising domestic demand, India makes huge imports of cooking oils in order to sustain its market. According to India import export data , the country's cooking oil imports increased to 24% during April in comparison to the same period during last year. Palm is the 8th most imported item of India. In April 2024, India imported around 13,18,515 tonnes of cooking oil. In terms of figures, the overall vegetable oil imports from India stood at around $2.2 billion during April. India's majority of cooking oil imports came from Singapore which had exported around $529 million in April. Also, there was a rise in cooking oil imports from Switzerland, Malaysia, Indonesia and the United Arab Emirates. Bunge Asia (Singapore), Louis Dreyfus (Switzerland), and Green Suppliers Foods (United Arab Em...