Exim

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Date: 16/05/2024

Edible oil imports dip

Imports of edible oils – palm, soybean and sunflower — declined by 12% to 7.14 million tonnes (mt) in the first six months of the 2023-24 oil year (November-October) compared to the same period last oil year, it is learnt. Lower imports in the current oil year so far are due to bumper domestic crops of mustard and soybean. Of the total imports of edible oil in 2023-24, palm oil import was 4.21 mt, a 14% decline from 4.9 mt imported last year mostly from Indonesia, Malaysia and Thailand. Imports of soybean and sunflower oil during November-March of 2023-24 oil year were 1.26 mt and 1.58 mt respectively, as per a report.

Source: Exim News Service: New Delhi, May 15