India's vegetable oil imports touched a record 14.61 mt in oil year ended October 2014-15, on sharp jump in shipments of palm oils, buoyed by lower prices, as per the data of Solvent Extractors' Association of India (SEA).
The world's leading vegetable oil buyer had imported 11.82 mt of vegetable oils during the previous year. Palm oil makes up 70% of the country's total vegetable oil imports. India meets 60% of its annual vegetable oil demand of 17-18 mt through imports. Import of vegetable oils in 2014-15 set a record level of 14.61 mt, up 23.64% from last year, data showed.