India's Palm Oil Imports Surge to Six-Month High in May

In May, India bought a lot more palm oil, the most in six months, because it was cheaper and stocks were low.

Palm oil imports went up by 87%.

India also imported more soyoil and sunflower oil, increasing total edible oil imports by 37%.

The government lowered the tax on imported oils to help lower food costs.

Experts think imports of palm oil will continue to increase in the coming months.

Overall, this reflects a shift back to palm oil due to its lower price.