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Vegetable oil imports fell by 15% to 12.09 lakh tons in December

16 Jan 2017 Evaluate

The import of vegetable oil stood at 1,209,685 tons in December, down by 15% compared to 1,420,902 tons of import in December, 2015. As per data compiled by Solvent Extractors’ Association of India (SEA), the import consists of 1,174,296 tons of edible oils and 35,389 tons of non-edible oil in December, 2016. The overall import of vegetable oils during first two months of current oil year 2016-17 - November and December 2016 - is reported at 2,385,149 tons compared to 2,758,337 tons, a decline of 14%.

During November-December 2016, Palm Oil import has decreased to 1,524,469 tons from 1,663,960 tons during the same period of last year, however overall share of palm oil products increased to 65% from 61%. Soft oils import also decreased to 805,690 tons from 1,078,411 tons last year.

During November-December 2016, import of refined oil (RBD Palmolein) has marginally increased to 486,502 tons from 463,482 tons in the same period of last year, while import of crude oil decreased to 1,843,657 tons from 2,278,889 tons during the same period of last year.


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