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Olive oil imports to rise by 20% to 13,500 tonnes in 2016-17

23 Sep 2016 Evaluate

The import of olive oil in the country is expected to rise by 20% to 13,500 tonnes this fiscal, as per information provided by Indian Olive Association. This rise in export will be on back of rising demand in metros and Tier II cities. The country has imported 3,062 tonnes of olive oils in the April-June period of the 2016-17 fiscal, which is 19% higher than 2,583 tonnes in the year-ago period.

During 2015-16, the country had imported 11,106 tonnes of olive oils, 65% of which is sourced from Spain. The fall in the import was due to high global prices in view of poor crop in Spain, as well as hike in import duty of edible oils and weak Rupee against Euro. 

India largely imports olive oil from Spain, Italy and Turkey. While India consumes 17 million tonnes of edible oils but the share of olive oil is only 0.1%. The top three brands in the domestic market, which together control more than 70% of retail sales, are Leonardo, Figaro and Borges (including Cesar).


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