Industry sources attribute the decline primarily to ample inventories in Indian ports and warehouses, which hold over 1.2 million tonnes of edible oils, reducing the urgency for fresh imports.
Despite this progress, the output remains insufficient to meet the country’s burgeoning domestic demand for palm oil, underscoring a persistent supply-demand imbalance.
Telangana contributed 12,005 hectares to the increase in cultivation, while Andhra Pradesh added 13,286 hectares.
This shift could add an estimated 5.3 million tons to domestic palm oil demand.
A Joint Working Group co-chaired by APOA and CPOPC, with Solidaridad serving as the technical secretariat, will oversee the implementation of the MoU.