India's palm oil import up 21% March as Ukraine sunflower oil supply stops

In March, 550,000 tonnes of palm oil landed in India, up from 454,794 tonnes in February, said a Mumbai-based dealer with a global trading firm

India's palm oil imports jumped 21% in March from the previous month as traders moved to secure alternatives to sunflower oil that can no longer be bought from Ukraine, four dealers told Reuters.

A poor soyoil crop in South America, meanwhile has limited India's ability to rely on that edible oil as a substitute for Ukrainian sunflower oil.

Indian demand contributed to the palm oil price, as indicated by the futures contract, reaching an all-time record of 7,268 ringgit per tonne on March 9, although it has since fallen to 5,741 ringgit per tonne.

In March, 550,000 tonnes of palm