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Palm Oil Price in India Falls 4.0% to USD 1,399/tonne

Palm oil in India slipped 4.0% on the week to USD 1,399/tonne, with prices down across the week, month and quarter.

Published 2026-10-02 · market: India

Palm oil in India was quoted at USD 1,399/tonne as of 2026-09-30, a decline of 4.0% from USD 1,458/tonne on 2026-09-23. The price is down 5.5% over the month from USD 1,481/tonne on 2026-08-31 and 0.6% lower on the quarter from USD 1,407/tonne on 2026-07-02. Compared with a year earlier, the price is 7.3% above the USD 1,304/tonne recorded on 2025-09-30.

The 52-week high stands at USD 1,495/tonne, reached on 2026-09-03, and the 52-week low is USD 1,252/tonne, set on 2025-12-16.

According to InfoSAWIT, India increased palm oil imports by 7% in August 2026 to 782,761 tonnes to build festival season inventories.

India reduced the basic import duty on crude palm oil from 10% to 5% effective September 24, 2026, according to CIMB Securities. Separately, GLOBOIL Intelligence reports that India implemented a new tariff schedule on September 1, 2026, increasing duties on palm and soy oil imports arriving through ports.

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Prices are Claight's own series for Palm Oil in India, 293 observations to 2026-09-30. Every figure in this report is computed from that series; percentage moves compare the same quoted market with itself. Causes were researched against public sources. Changes and averages are Claight Analysis.