The import of vegetable oils (comprising edible and non- edible oils) stood at 14.18 lakh tonnes (LT) on account of sharp jump in shipments of RBD palmolein, owing to low global prices, as per data compiled by the Solvent Extractors’ Association of India (SEA). This is a jump of 24% compared to vegetable oils imports which stood at 11.39 LT in December 2014.
The import of edible oils rose to 14.07 LT in December 2015 from 11.23 LT in December 2014. The imports of non-edible oils however fell to 11,467 tonnes from 17,996 tonnes in the year-ago period. Overall import of vegetable oils during first two months of the current oil year 2015-16 (November to October) went up 18% to 27,56,047 tonnes as compared to 23,29,520 tonnes in the corresponding period of the previous year.
During November-December 2015, import of refined oil (RBD palmolein) jumped to 461,192 tonnes from 1,03,136 tonnes in the same period of previous oil year. The country’s vegetable oil imports touched a record 14.61 million tonnes in 2014-15 oil year ended October.
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