The information was confirmed by Aashish Acharya, Vice President of Patanjali Foods Ltd., one of India’s largest vegetable oil buyers. Bloomberg data show that the premium of soybean oil over palm oil has widened sharply. Since the beginning of the year, the spread has reportedly doubled, with soybean oil now trading at around a US$145-per-ton premium over palm oil. This mismatch is expected to encourage further soybean oil import cancellations and increase palm oil buying. As soybean oil imports become increasingly costly, palm oil is poised to regain its appeal—particularly in price-sensitive markets such as India, which remains one of the world’s most strategic destinations for palm oil exports.