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Indian market
Latest news regarding the Indian market.
Indian vegetable oil inventories reached 2.1 million tonnes, their highest level in 15 months.
According to the SEA Association, India's vegetable oil reserves are projected to reach 2.1 million tonnes by April 2026, driven by a 32% increase in imports while consumption declines due to the depreciating Rupee and high selling prices.
Market
Steel imports in the first four months of 2026 reached $3.61 billion, with a surge in the Indian market.
Vietnam imported 5.04 million tons of steel in the first four months of 2026, with a slight increase of 0.15%. Notably, China's market share shrank while supply from India increased to a record high.
India's palm oil imports rose 11% to a six-month high.
In February 2026, India recorded palm oil imports of 847,689 tonnes thanks to competitive prices, prompting refineries to increase purchases and adjust their vegetable oil portfolios.
Demand for cooking oil and sugar in India has fallen due to the fuel crisis.
The shortage of liquefied petroleum gas (LPG) is forcing restaurants in India to downsize, leading to a sharp decline in the consumption of sugar and vegetable oils in the market.
Demand for natural rubber in India is projected to increase by 3.6% in 2026, driven by the automotive industry.
The Indian rubber industry is experiencing a surge in investment in technology and exports. The global market is projected to face a deficit of 400,000 tons by 2026 due to unfavorable weather conditions.
India's sugar production is expected to fall short of consumption demand in the 2025/26 season.
With projected production below 28 million tonnes while domestic demand reaches 29 million tonnes, India faces a sugar deficit for the second consecutive year.
Sales of induction cooktops in India have increased more than 30-fold due to concerns about gas supply disruptions.
Demand for electric cooking appliances in India has surged, with many retailers experiencing shortages as people seek alternatives to liquefied petroleum gas (LPG).
Indian rice exports have slowed due to sharply rising logistics and marine insurance costs.
March 13, 2026 08:00
Rising shipping costs and disruptions in the Strait of Hormuz are hindering new rice export contracts for India, despite record domestic production.
VinFast wins Rookie of the Year award at the FASTER Awards 2026 in India.
March 5, 2026 15:01
Vietnamese electric vehicle brand VinFast has just been honored as Newcomer of the Year at the FASTER Awards 2026, affirming its position and breakthrough in the market of over a billion people.
India significantly increased palm oil imports in January 2026 to a four-month high.
February 12, 2026 18:59
India's palm oil imports reached 766,000 tonnes in January 2026 thanks to its low price advantage, while soybean oil imports fell to their lowest level in 19 months.
VinFast and Bank of Baroda sign a $22 million credit package to support dealerships in India.
February 6, 2026 13:42
VinFast has partnered with Bank of Baroda to provide a $22 million credit package to its dealership network in India, offering flexible financing to promote the adoption of green transportation.
VinFast was honored as Investor of the Year and Urban Electric Vehicle of the Year 2026 in the Indian market.
February 5, 2026 05:15
VinFast has just received two important awards from Vikatan Group in India, affirming its strategic position through its factory project in Tamil Nadu and the VF 7 electric vehicle model.
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