As specified, the decrease was due to increased domestic harvest of oilseeds in the country, and also increase of the world prices for oil. Also making its impact and conducted in India in the fall of 2016, the reform of the financial system, which affected the purchasing power of importers.

In particular, the purchase of soybean oil in the period decreased to 164 thousand tons compared to 300 thousand tons in November from a year earlier, which was the minimum figure for the country in the last 23 months. Imports of sunflower oil by India in November amounted to 158 (178) thousand tonnes, palm – 807 (859) thousand tons. It should be noted that despite the decline in the supply of palm oil, the specified monthly volume was the highest since the beginning of 2016 on the back of improved competitiveness. Purchases by India of rapeseed oil in November increased to 32 (25) thousand tons.

According to experts, the changes in the financial policy of the country will limit imports of oil and in December of the current year. However, low stocks of products in the country, which by the end of November fell to a two-year low (1.8 million tons), and limited amounts of processing oil in India will be a stimulus for activization of purchases of oil in the first quarter of 2017.