The import of vegetable oils during oil year 2013-14 i.e. edible oil and non-edible oil was up by 11.70% and stood at record level of 11.82 million tons (MT) compared to 10.68 MT for the same period of last year, as per data compiled by Solvent Extractors’ Association (SEA). The import of vegetable oils during October 2014 was up by 22% and stood at 1,245,915 tons compared to 1,021,973 tons for October 13.
Import of edible oil increased to 11.62 MT during 2013-14 from 10.39 MT in the previous year, while that of non-edible oils declined to 0.2 MT from 0.29 MT during the period under purview.
India imports palm oil from Malaysia and Indonesia, while soyabean oil is being imported from Brazil and Argentina.