Breaking News

You are here » Indian-Commodity  :  Commodities  :  Crude Oil  :  Vegetable oil imports grew by 7.25% to 13.39 lakh tones in April

17-May2017

Vegetable oil imports grew by 7.25% to 13.39 lakh tones in April

India's total vegetable oil import grew by 7.25% and stood at 13,39,489 tonnes in April this year compared to 12,48,887 tonnes in the year-ago period. According to data compiled by industry body Solvent Extractors Association (SEA), the import of palm oil rose 2.25% to 752,632 tonnes in April on higher shipment of crude palm oil (CPO). The country had imported 736,036 tonnes palm oil in April 2016. The import of vegetable oils in the first six months of the ongoing 2016-17 oil year ending October has dropped to 43,02,135 tonnes, from 43,40,890 tonnes in the year ago.

Among palm oil products, import of CPO went up to 511,139 tonnes in April this year, from 398,606 tonnes in the year- ago period. However, the shipment of RBD palmolein fell to 232,243 tonnes, from 325,902 tonnes, while that of import of crude palm kernel oil (CPKO) fell to 9,250 tonnes, from 11,528 tonnes in the said period.

Among soft oils, import of sunflower oil increased sharply to 234,516 tonnes in April this year, from 100,750 tonnes in the year earlier. The shipment of soyabean oil, however, dropped to 304,942 tonnes from the earlier 348,195 tonnes while that of rapeseed-mustard oil too declined to 31,924 tonnes, from 51,087 tonnes.



Related News

View all news

Crude oil futures end lower on Tuesday

Crude oil prices edged lower on Tuesday, as traders waited to see if relations between the U.S. and Saudi Arabia sour further following the disappearance of a journalist in Turkey. Worsening tensions between......

Crude oil futures trade higher on firm trend overseas

Crude oil futures traded higher on MCX as speculators enlarged their positions following firm trend overseas amid supply concerns stemming from the growing tension between the US and Saudi Arabia, but......

Crude oil futures end higher on Monday

Crude oil futures ended higher for second straight session on Monday amid speculation about a likely drop in demand due to the impact of the US-China trade dispute on global economic growth. President......

Top News

View all news

Hero MotoCorp achieves best ever sales performance in Q2 FY19

Hero MotoCorp has achieved its best-ever sales performance for the second quarter of any financial year, selling 21,34,051 units of two-wheelers in Q2 FY19.For the period April-September 2018, Hero MotoCorp......

Mahindra CIE Automotive reports 74% rise in Q3 net profit

Mahindra CIE Automotive has reported results for third quarter ended September 30, 2018.The company has reported 73.80% rise in its net profit at Rs 42.58 crore for the quarter under review as compared......

Infosys crosses $2 billion large deal signings in Q2 FY19

Infosys has crossed $2 billion large deal signings in Q2 FY19. Besides, the company's digital revenues stood at $905 million in Q2 FY19 (31.0% of total revenues), year-on-year growth of 33.5% and sequential......