Breaking News

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


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 Monday

Crude oil futures ended lower on Monday as steep declines in the US stock market fed an aversion to so-called riskier assets, which include oil. Meanwhile, the US-China trade dispute escalated as China......

Crude oil futures end marginally lower as trade-war worries limit upside

Crude oil futures ended marginally lower on Friday as escalation in the trade war has put a return in global growth worries, which would translate to softer crude demand. The Trump administration early......

Crude oil futures end lower on Thursday

Crude oil futures ended lower on Thursday as hopes for a US-China trade deal faded. Meanwhile, crude-oil production by OPEC edged up by 30,000 barrels a day in April to 30.26 million barrels a day. However,......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......