The import of vegetable oils during June 2017 stood at 1,344,868 tons, a rise of 15%, compared to 1,169,456 tons in June 2016. As per data compiled by the Solvent Extractors’ Association of India, the imports consist of 1,293,777 tons of edible oils and 51,091 tons of non-edible oils in June. The overall import of vegetable oils during first eight months of current oil year 2016-17, November’16 to June’17 is reported at 9,863,572 tons compared to 9,763,043 tons, more or less of the last year.
During November’16 - June’17, import of refined oil (RBD Palmolein) has sharply increased to 1,903,056 tons from 1,777,839 tons in the same period of last year, while Import of crude oil decreased to 7,708,902 tons from 7,892,977 tons during the same period of last year. Palm Oil import has increased to 5,921,563 tons from 5,605,473 tons during the same period of last year, overall share of palm oil products increased to 62% from 58%.
Import of Non-edible oils during November’16-June’17 is reported at 251,614 tons compared to 93,227 tons during the same period last year.