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BusinessToday · India · India's edible oil inflation doubles as palm oil import chain faces Indonesia's nationalisation gambit
Refined edible oil inflation in India more than doubled over the four months to May 2026. Import costs surged around 25% due to higher freight, war-risk insurance premiums from West Asia tensions, and a weaker rupee. Domestic retail prices climbed as much as 17%. India imports close to 60% of its edible oil requirements, leaving domestic prices acutely sensitive to global supply disruptions.
“Refined edible oil inflation in India more than doubled in four months to May 2026, with import costs up 25% on freight and war-risk premiums.”