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Palm oil imports jump 36.17% to 8.34 lakh tonnes in January

16 Feb 2018 Evaluate

The imports of palm oil surged by 36.17% and stood at 8,34,444 tonnes in January 2018 compared to import of 6,12,762 tonne palm oil in January 2017. As per data compiled by industry body, Solvent Extractors Association (SEA) this jump is on account of increased shipment of crude palm oil (CPO).

The country’s total vegetable oil imports increased by over 25% to 12.91 lakh tonnes (LT) in January this year from 10.28 LT in the year-ago. The share of palm oil is more than 60% of the country’s total vegetable oil imports.

Among palm oil products, import of CPO increased by 63.23% to 6,72,762 tonnes in January this year from 4,12,140 tonnes in the same period last year. The shipment of crude palm kernel oil (CPKO) also increased to 11,018 tonne from 3,999 tonne, while that of RBD palmolein declined to 1,50,664 tonne from 1,96,623 tonne in the said period.