<div id="readability-page-1"><div id="parent_top_div">Indian vegetable oil refineries are curtailing purchases of palm oil, soyoil and sunflower oil, betting that the Iran war-driven price rally will not last and that they can replenish stocks after the conflict ends, industry officials told Reuters. Lower buying by India, the world's largest importer of vegetable oils, could limit gains in Malaysian palm oil and US soyoil prices, while supporting local vegetable oil prices and domestic oilseed growers. Palm oil prices earlier this month climbed to their highest in more than a year on expectations that rising crude oil prices, driven by the Middle East conflict, would boost demand for the tropical oil from the biodiesel sector. &#34;There's no need to panic-buy. There are ample stocks available in the global market, and prices will come down sharply the moment the war ends,&#34; said a senior official with a leading edible oil importing company, which has curtailed imports for March and April delivery. India, which meets nearly two-thirds of its vegetable oil needs through imports, brought in an average 1.36 million metric tons a month in the marketing year that ended in October 2025. Imports are likely to fall to about 1.1 million tons in March, with palm oil shipments seen at around 680,000 tons, down from 847,689 tons the previous month, according to estimates from three dealers at global trade houses. &#34;Indian buyers have largely stayed on the sidelines over the past few days. The recent correction in palm oil prices may attract some buying, but overall sentiment remains wait-and-watch,&#34; said Sandeep Bajoria, chief executive of Sunvin Group, a vegetable oil brokerage and consultancy firm. Malaysian palm oil was trading 1.7% lower on Tuesday. Stock levels from recent months of imports are comfortable, encouraging Indian buyers to bet the war will not last long, said a Mumbai-based dealer with a global trade house. Supplies from India's new-season rapeseed crop have started arriving, with output estimated at a record high, helping to partly offset lower imports, the dealer said. India buys palm oil mainly from Indonesia and Malaysia, and imports soyoil and sunflower oil from Argentina, Brazil, Russia, and Ukraine.</div></div>

SOYO

LSYO

印度植物油炼油厂正在减少对棕榈油、大豆油和葵花油的采购，预计由伊朗冲突引发的价格上涨不会持续。这一购买减少可能会限制马来西亚棕榈油和美国大豆油的价格上涨，同时支持当地价格和油籽种植者。预计 3 月份进口量将降至约 110 万吨，棕榈油的运输量也在减少。行业官员表示，由于全球库存充足，市场无需恐慌性购买，买家在等待进一步发展时情绪依然谨慎

印度植物油精炼商减少采购，预计因冲突引发的价格上涨将逐渐消退