In April 2026, India’s total edible oil ending stocks at ports rebounded significantly to 836 KMT, compared to 609 KMT in March, reflecting a 37.3% month-on-month (MoM) increase and a 19.4% rise year-on-year (YoY). The sharp recovery indicates a replenishment of inventories following the substantial drawdown observed in March, supported by improved import arrivals across major edible oils. Palm oil inventories increased to 466 KMT in April, up from 413 KMT in March, representing a 12.8% MoM increase and a strong 75.8% YoY growth compared to 265 KMT in April 2025.

Soybean oil stocks recorded a sharp recovery, rising to 180 KMT from 103 KMT in March, marking a 74.8% MoM increase and a 33.3% YoY rise. The increase was largely driven by higher import arrivals and stock replenishment after inventories had reduced in the previous month. Similarly, sunflower oil inventories increased substantially to 190 KMT, compared to 93 KMT in March, reflecting a 104.3% MoM surge. The sharp increase was primarily supported by strong import arrivals of approximately 434,000 MT during April 2026, which contributed to inventory rebuilding.

Overall, the April stock position suggests a reversal from the inventory correction phase observed in March, with market participants rebuilding stocks amid improved import arrivals and steady domestic demand. Pipeline stocks are estimated at approximately 1.3 MMT, indicating comfortable supply coverage for the coming month, thereby reducing any immediate concerns over supply tightness.

Source: MPOC Market Intelligence

*Disclaimer: This document has been prepared based on information from sources believed to be reliable but we do not make any representations as to its accuracy. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.

Edible oil stocks at Port Qasim Authority (PQA) and Karachi Port Trust (KPT) fell to 447,050 MT at the end of April 2026, down 10.3% month-on-month and 11.4% lower compared to March 2025.

April edible oil imports totalled 181,713 MT, compared to 207,596 MT in March, marking a further 12.5% month-on-month decline. Imports remained significantly below normal levels during April and are expected to stay weak in May as well.

The lower import volumes come despite RBD palm oil and RBD palm olein stocks having previously reached close to 400,000 MT. With import arrivals slowing further in May, domestic stock levels are expected to continue declining gradually over the coming weeks.

At the same time, domestic offtake has weakened due to hot weather conditions and poor consumer purchasing power, resulting in slower movement in the local market.

Import demand also remains constrained by the continued disparity between current C&F prices and domestic market prices, although negative import margins have improved slightly compared to previous months. In addition, limited foreign exchange availability is again affecting the clearance of cargoes and restricting fresh import activity.

Buyers are also maintaining a cautious approach amid uncertainty in the international market linked to geopolitical tensions involving the US and Iran. Concerns over potential price corrections if tensions ease or a ceasefire is reached have discouraged large-volume purchases, particularly in view of the still-unfavourable import parity for fresh cargoes.

Of the total 447,050 MT of edible oil stocks held at Port Qasim Authority (PQA) and Karachi Port, RBD palm olein represented the largest portion at 53.5%, while RBD palm oil accounted for 42.7%. Overall, palm oil and its different fractions continued to dominate inventory composition, comprising 99.8% of total ending stocks.

Source: MPOC Market Intelligence

*Disclaimer: This document has been prepared based on information from sources believed to be reliable but we do not make any representations as to its accuracy. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.

In April 2026, Bangladesh’s total edible oil stocks declined sharply by 41.47% YoY to 79,714 MT, compared to 136,210 MT in April 2025, indicating a tighter supply position. Stocks were also 23.44% lower month-on-month, reflecting continued drawdown following elevated inventory levels in Q1 2026. Higher global prices in March and April 2026 also contributed to more cautious buying, limiting fresh stock build-up.

Palm oil stocks decreased by 8.34% YoY to 71,950 MT and fell 27.66% compared to March 2026, driven by steady consumption from both household and food service (HoReCa) segments, particularly during the Ramadan and post-Ramadan period. The continued preference was for palm oil over soft oils due to its price competitiveness and widespread use in bulk consumption.

In contrast, soybean oil stocks dropped sharply by nearly 87% YoY, reflecting lower crude soybean oil imports amid higher international prices.

Source: MPOC Market Intelligence

*Disclaimer: This document has been prepared based on information from sources believed to be reliable but we do not make any representations as to its accuracy. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.

As of April 2026, U.S. ending stocks stood at 1,202,000 MT, unchanged from the previous month. No changes are recorded for the end stocks of soybean oil, palm oil, sunflower oil and rapeseed oil. Brazil’s soybean fundamentals remain strong, with harvesting largely completed and both soybean exports and crushing increasing seasonally. It is estimated that Brazil’s 2026 soybean crop will reach a new high of 180 Mn T, up 8 Mn T from the previous year, while soybean exports are forecast at more than 91 Mn T in Jan–Aug 2026. Argentina’s soybean oil exports declined in the first half of the season due to reduced domestic supplies and subdued biodiesel production, but export availability is expected to recover as soybean crushing increases seasonally from April onwards. U.S. soybean crushing are rising sharply and beyond earlier expectations, driven by strong domestic soybean oil demand from the biofuel sector, expanded crush capacity, attractive crush margins, ample soybean supply and firm foreign demand for U.S. soybean meal. For soybean oil, U.S. demand is being lifted by the biofuel industry as domestically produced soybean oil remains the preferred feedstock under RFS requirements.

Source: *USDA, MPOC Estimates

*Disclaimer: This document has been prepared based on information from sources believed to be reliable but we do not make any representations as to its accuracy. This document is for information only and opinion expressed may be subject to change without notice and we will not accept any responsibility and shall not be held responsible for any loss or damage arising from or in respect of any use or misuse or reliance on the contents. We reserve our right to delete or edit any information on this site at any time at our absolute discretion without giving any prior notice.