India lowered import tariffs, replenished inventories before the holiday season, and bought palm oil in a big way. India purchased more than 200,000 tons of crude palm oil in the past week after the government lowered the import tax on cooking oil. If prices fall further, India's procurement volume may accelerate; during peak demand season, the monthly procurement volume can reach up to 750,000 tons.

India lowered import tariffs, replenished inventories before the holiday season, and bought palm oil in a big way. India purchased more than 200,000 tons of crude palm oil in the past week after the government lowered the import tax on cooking oil. If prices fall further, India's procurement volume may accelerate; during peak demand season, the monthly procurement volume can reach up to 750,000 tons.