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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.



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