The import of vegetable oils fell by 8% in August to 12.61 lakh tonnes (LT) due to high stocks of imported cooking oil in the country. According to the data compiled by industry body Solvent Extractors Association of India (SEA), imports of vegetable oils, comprising edible and non-edible oil, stood at 13.74 LT in August 2015.
However, vegetable oils import rose by 4% to 12.16 million tonnes (MT) during the first ten months of the current oil year (November-October) from 11.72 MT in the corresponding period of the previous year.
The import of RBD palmolein rose sharply to 21.96 LT during November 2015 to August 2016 from 12.57 LT replacing import of CPO (crude palm oil) and is expected to rise further in coming months.
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