{
  "id": 8905247,
  "title": "India soyoil imports to rise to record high on price competitiveness",
  "url": "https://urgent.news/2026/09/21/india-soyoil-imports-to-rise-to-record-high-on-price-competitiveness-8905247",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-21T10:50:16.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440511/india-soyoil-imports-to-rise-to-record-high-on-price-competitiveness"
  },
  "original_language": "en",
  "account": "India’s soyoil imports are poised to reach a record high in the 2025/26 marketing year, industry officials predict, driven by the competitive pricing of soyoil against palm and sunflower oils. Soyoil imports are forecasted to climb 4.2% from last year’s record levels to 5.7 million metric tons, as highlighted by Aashish Acharya, vice president at Patanjali Foods Ltd. This surge in soyoil imports will counterbalance the decline in sunflower oil shipments due to geopolitical tensions and limit palm oil purchases, which currently constitute the majority of India’s edible oil imports. Palm oil imports are projected to recover from a five-year low, increasing by 5.5% to 8 million tons, while sunflower oil imports are expected to dip by 3% to 2.85 million tons, according to Acharya. Higher incomes and increased demand for edible oils are contributing to the rise in soyoil imports, as India meets nearly two-thirds of its vegetable oil needs through imports, primarily from Malaysia, Indonesia, Argentina, Russia, and Ukraine. Indonesia’s growing biodiesel consumption has reduced palm oil supplies, pushing prices up, while soyoil has been abundant and competitively priced, according to B.V. Mehta, executive director of the Solvent Extractors’ Association of India. The influx of higher soyoil imports will propel India’s total edible oil imports in 2025/26 by 3.6% to a record high of 16.55 million tons, Mehta added. As domestic production remains stagnant, rising per capita incomes are fueling higher edible oil demand, leading to a projected fall in palm oil’s share in India’s total edible oil imports below 50% for the second consecutive year in 2025/26, according to trade dealers.",
  "summary": "MUMBAI: India’s soyoil imports are likely to surge to a record high in the 2025/26 marketing year as rallies in rival palm and sunflower oils make soyoil more competitive for price-sensitive Indian buyers, industry officials told Reuters. Higher soyoil imports would offset a decline in sunflower oil shipments due to the Russia-Ukraine war and limit purchases of palm oil, which typically accounts…",
  "key_points": [
    "India’s soyoil imports forecasted to hit record 5.7 million tons in 2025/26",
    "Palm oil imports to increase by 5.5% to 8 million tons",
    "Sunflower oil imports expected to decline by 3% to 2.85 million tons"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Economy",
        "title": "India soyoil imports to rise to record high on price competitiveness",
        "url": "https://urgent.news/2026/09/21/india-soyoil-imports-to-rise-to-record-high-on-price-competitiveness",
        "published": "2026-09-21T10:18:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}