Palm oil glut lures Indian buyers as price gap to rivals widens

A palm oil glut is making the crop increasingly attractive against rivals, luring buyers in top importer India and other major markets.

Palm’s discount to sunflower oil has widened to about $300 a ton, one of the biggest gaps seen in the past few years, according to Aashish Acharya, vice president at Patanjali Foods Ltd., one of India’s top vegetable oil buyers. Black Sea attacks have disrupted sunflower oil shipments from Ukraine and Russia, while strong palm oil production in Malaysia keeps supplies buoyant. The crop is also commanding a discount of about $100 a ton to soybean oil, he said.

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棕榈油供应过剩使得这种作物对竞争对手越来越有吸引力，吸引了印度等主要进口国和其他主要市场的买家。

据印度最大的植物油买家之一——帕坦伽利食品有限公司副总裁阿什什·阿查里亚 (Aashish Acharya) 称，棕榈油相对于葵花籽油的价差已扩大至每吨约 300 美元，这是近几年来最大的价差之一。黑海海域的袭击事件扰乱了乌克兰和俄罗斯的葵花籽油运输，而马来西亚强劲的棕榈油产量则保证了供应充足。他还表示，棕榈油的价格也比大豆油低约每吨 100 美元。

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