NEW DELHI: Import of vegetable oils during April 2015 is reported at 1,108,678 tons compared to 832,760 tons in April 2014, consisting of 1,097,679 tons of edible oils and 10,999 tons of non-edible oils, which is up by 33%. The overall import of vegetable oils during November 14 to April 15 is reported at 6,461,862 tons compared to 5,164,991 tons, up by 25%.
The Solvent Extractors’ Association of India has compiled the import data of vegetable oils (edible and non-edible) for the month of Ap 2015. “Due to zero export duty on palm products during the first five months of the current oil year by Indonesia and Malaysia reduced demand of crude palm oil (CPO) for bio diesel, pushed the export of palm products to India to reduce burgeoning stock held by the exporting countries,” stated an SEA release, adding, “Also, due to high prices of soybean and lesser realisation for oil and soybean meal in export market, resulted in lower crushing and lesser oil availability in domestic market, resulted in lower crushing and lesser oil availability in domestic market, resulted in to higher imports.”
