India has more than 3 lakh hectares of land under oil palm cultivation, and can support an additional 28 lakh hectares. This can significantly reduce its palm oil import burden.
In April, Indian buyers opted to cancel large amounts of palm oil purchases for the first time in many years and industry was expecting May imports could fall to 700,000 tonnes.
After dominating India’s crude imports since 2023, Russian supplies slowed amid US sanctions, but a 30-day ‘waiver’ amid West Asia tensions could now push flows back towards 2 mbpd.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
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