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Informist, Friday, Sept. 26, 2025

 

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--Godrej Mistry: See global palm oil output up 1 mln tn on yr in 2025-26 
--CONTEXT: Godrej Intl Director Dorab Mistry speaking at Globoil India 
--Godrej Mistry: Palm oil prices to surge if Indonesia adopts B50 program 
--Godrej Mistry: See higher mustard output in rabi season in India 
--Godrej Mistry: India's 2026 palm oil imports seen up 1 mln tn on year 
--Godrej Mistry: See BMD futures rising to 5,000 ringgits/tn by Nov-Dec 
--Godrej Mistry: See Jan-Mar palm oil prices at 5,500 ringgits/tn 
--Godrej Mistry:Expansion in US, Brazil, Indonesia to aid energy demand rise 
--Godrej Mistry: See global energy demand rising 4 mln tn on yr in 2025-26
 

 

MUMBAI – Global palm oil production is seen lower in 2026 because of ageing palm trees and lower replanting in Malaysia and Indonesia legalising the seizure and nationalisation of private plantations, Dorab Mistry, director of Godrej International Ltd., said at the Globoil event here. He sees global palm oil production in 2025-26 (Oct-Sept) higher by just 1 million tonne, which is likely to push up palm oil prices.

 

Mistry sees prices of crude palm oil rising to 5,000 ringgits per tonne by Nov-Dec on the Bursa Malaysia Derivatives. The rise in prices is likely to continue in the first half of 2026, with prices seen at 5,500 ringgits per tonne in Jan-Mar, he said.

 

If Indonesia proceeds with blending 50% of palm oil for biodiesel, there will be shortages of palm oil and prices will rocket, Mistry said. "Indonesia needs to lift the moratorium on new palm plantations."

 

India's palm oil imports are likely to increase by over 1 million tonnes to 9.3 million tonnes in 2025-26 while imports of soyoil and sunflower oil are seen steady to lower from 2025, Mistry said. "Indian import of palm in 2026 will rise after many years of decline," he said.

 

India's soyoil imports in 2025-26 are seen at 5.0 million tonnes, slightly lower than 5.1 million tonnes in 2024-25. Sunflower oil imports are seen at 2.7 million tonnes in 2025-26, down from 3.0 million tonnes in 2024-25, because of higher sunflower oil prices, Mistry said.

 

Mistry expects sunflower oil prices to remain high despite rise in output in Argentina and the Black Sea region. "Sun oil prices in US dollars will gain if local currencies of Russia and Ukraine strengthen after a ceasefire. Sun oil is expensive, and its market will be limited as a premium oil."

 

Soyoil prices in 2026 are expected to remain steady and will remain competitive against palm oil. However, if the US diverts more soyoil for biodiesel blending, then soyoil futures are likely to move higher.

 

Mistry said global energy demand is expected to rise by 4 million tonnes in 2025-26, from 3 million in 2024-25. This is due to capacity and usage expansion in US, Brazil, and Indonesia.  End

 

Reported by J. Navya Sruthi, Taniva Singha Roy, and Shreya Shetty

Edited by Ashish Shirke

 

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