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Vegetable oil imports drop 10% in December

15 Jan 2018 Evaluate

Import of vegetable oils during December 2017 stood at 1,088,783 tons down by 10% compared to 1,209,685 tons in December 2016. Of 1,088,783 tons imported, 1,058,289 tons consists of edible oils and 30,494 tons of non-edible oils. As per data compiled by Solvent Extractors’ Association, the overall import of vegetable oils during November to December 2017 is reported at 2,337,593 tons compared to 2,385,149 tons i.e. down by 2%.

During November-December 2017, import of refined oil (RBD Palmolein) has decreased to 254,286 tons from 486,502 tons in same period of last year, however import of crude oil increased and reported at 2,029,318 tons compared to 1,843,657 tons during the same period of last year. Besides, Palm Oil import has decreased to 1,439,825 tons from 1,524,469 tons during the same period of last year, however Soft Oils import increased to 843,779 tons from 805,690 tons during the same period of last year.

Further, import of Non-edible oils during November-December, 2017 is reported at 53,989 tons compared to 54,990 tons during the same period last year. PFAD, PKFAD, CPKO & RBD Palm Stearin are the major import of non-edible oils.


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