iGrain India - The stock of edible oils at Indian ports has seen a notable increase due to higher imports of RBD palmolein and crude degummed soybean oil. Here's a detailed breakdown of the situation as per the data received:
- Overall Stock Increase:As of 30 November 2024, the total stock of edible oils at Indian ports stood at 969,339 tonnes. By 15 December 2024, this stock had risen by 9% to reach 1,058,130 tonnes.
- Key Changes in Stocks of Different Oils:
- Crude Palm Oil (CPO): The stock of crude palm oil decreased by 4%, dropping from 296,491 tonnes on 30 November to 283,400 tonnes on 15 December.
- Crude Sunflower Oil: There was a significant decline of 15% in the stock of crude sunflower oil, which fell from 291,481 tonnes to 247,695 tonnes.
- RBD Palmolein: The stock of RBD palmolein increased by 9%, from 218,895 tonnes to 238,988 tonnes.
- Crude Degummed Soybean Oil: This oil saw a dramatic rise of 88%, with stocks surging from 133,640 tonnes to 251,790 tonnes.
- Other Edible Oils: Stocks of other edible oils also increased by 26%, from 28,832 tonnes to 36,250 tonnes.
- Imports:
- Crude Palm Oil and RBD Palmolein: These oils are primarily imported from Indonesia, Malaysia, and Thailand.
- Crude Degummed Soybean Oil: Mostly imported from Argentina and Brazil.
- Sunflower Oil: Major suppliers include Russia, Romania, Ukraine, and Argentina.
- Crude Palm Kernel Oil: Imported from Indonesia, Malaysia, and Thailand.