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Mumbai, 14 Jan (Commoditiescontrol): India's edible oil inventory, comprising stocks at ports and pipelines, rose to 2.569 million metric tons (MMT) as of December 1, 2024, marking a 6.68% increase from 2.408 MMT on November 1, 2024. The rise is attributed to a sharp rebound in port stocks despite a decline in pipeline inventories.
Key Highlights:
Port Stocks: Swelled to 998,000 metric tons, up 51.89% from November's 657,000 metric tons.
Pipeline Stocks: Declined to 1.571 MMT, down 10.27% from 1.751 MMT in November.
Yearly Comparison:
December's stock levels are 11.33% lower than 2.897 MMT recorded on January 1, 2024, signaling a consistent tightening of supply throughout the year.
The latest data reflects shifting dynamics in the edible oil market. While increased port stocks suggest improved arrivals or imports, the drop in pipeline stocks may indicate slower movement into distribution channels. Market participants now await January 2025 figures, which are under compilation, to gauge the upcoming supply trends.
(By Commoditiescontrol Bureau; +91-9820130172)
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