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Agriculture News

The Economic Times

Agriculture / The Economic Times

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India's vegetable oil buyers step back, betting Iran war-driven rally will ease

Indian vegetable oil refiners are reducing palm oil, soyoil, and sunflower oil purchases, anticipating an end to the Iran war-driven price surge. They believe global stocks will replenish post-conflict, potentially limiting gains in Malaysian palm oil and U.S. soyoil prices while supporting domestic oilseed growers.

24 Mar 2026 4:07 pm