The import of vegetable oils during Oil Year 2015-16 (November’15 to October’16) i.e. edible oil and non-edible oil was reported at 147.4 lakh tons (14.74 MnT) compared to 146.1 lakh tons (14.61 MnT) for the same period of last year practically remained stagnant from the previous year, thanks to reduction in oil stock by 435,000 tons during the year. The import has jumped by 45% in last 5 years. There is no import of Vanaspati since last 5 years.
The import of Vegetable Oils during October 2016 is reported very low at 1,173,254 tons compared to 1,670,891 tons for October’15 and 13.99 lakh tons in September, 2016 reducing overall incremental growth of 5% up to September’16 to just 1% for the whole year 2015-16.
Further, import of Non-edible oils during November 2015 to October 2016 is reported at 167,464 tons compared to 191,231 tons during the same period last year. i.e. down by 12%. P.F.A.D., P.K.F.A.D., RBD Palm Stearin & C.P.K.O. form the major chunk of non-edible oils that are imported.