Vegetable oil imports up
Amid a fall in global prices of palm, soyabean and sunflower oils since June 2022, India’s edible oil imports rose 31 per cent to 12.05 lakh tonnes in July, showed data from the Solvent Extractors’ Association of India (SEA). Import of vegetable oils, comprising edible and non-edible oils, in July this year rose 24 per cent to 1,214,353 tonnes. During November 2021 to July 2022, import of edible oils rose to 96,95,305 tonnes from 93,70,147 tonnes in the year-ago period. Of the total imports, the quantity of refined palm oil stood at 11,44,496 tonnes, crude palm oil at 36,59,699 tonnes, crude soyabean oil at 33,30,556 tonnes and crude sunflower oil at 15,03,627 tonnes, said a report.
Source: Exim News Service: New Delhi, Aug. 17