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flag India's palm oil imports drop to a five-year low as refiners switch to cheaper alternatives.

flag India's palm oil imports are set to fall below those of other oils for the first time, driven by the rising cost of palm oil compared to soyoil and sunflower oil. flag This shift is expected to reduce India's palm oil imports to 7.5 million tons in the 2024/25 marketing year, the lowest in five years. flag Refiners are opting for cheaper alternatives, which could lower Malaysian palm oil prices and support U.S. soyoil futures.

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