<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>

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印度植物油煉油廠正在減少對棕櫚油、大豆油和葵花油的採購，預計由伊朗衝突引發的價格上漲不會持續。這一購買減少可能會限制馬來西亞棕櫚油和美國大豆油的價格上漲，同時支持當地價格和油籽種植者。預計 3 月份進口量將降至約 110 萬噸，棕櫚油的運輸量也在減少。行業官員表示，由於全球庫存充足，市場無需恐慌性購買，買家在等待進一步發展時情緒依然謹慎

印度植物油精煉商減少採購，預計因衝突引發的價格上漲將逐漸消退