SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Vegetable oil imports decline slightly by 0.50% in November: SEA

16 Dec 2019 Evaluate

The Solvent Extractors' Association (SEA) in its latest report has showed that imports of vegetable oil declined slightly by 0.50% to 11,28,220 tonne in November 2019, as compared to 11,33,893 tonne in November, 2018. The decline was due to fall in inward shipments of non-edible oil. Oil year runs from November to October.

As per the data, out of the total vegetable oil import, the shipments of edible oil rose to 10,97,424 tonne in November 2019 from 10,73,353 tonne in the same month last year. However, non-edible oils import fell to 30,796 tonne compared to 60,450 tonne in the year-ago period. Import of vegetable oils during November 2019 is reported at 11,28,220 tonne compared to 11,33,893 tonne in November, 2018. Import of refined palm oil drastically reduced following the imposition of 5% safeguard duty on shipments from Malaysia with effect from September 4, 2019.

The import of refined palm oil stood at 2.57 lakh tonne in August and 2.64 lakh tonne in September. However, shipments reduced to 1.18 lakh tonne in October and stood at 1.22 lakh tonne in November. During November 2019, import of refined oil (RBD Palmolein) increased to 1,24,909 tonne from 1,08,911 tonne in November 2018. Import of crude oil increased to 9,75,015 tonne from 9,64,442 tonne in November 2018. Besides, India's vegetable oil imports increased 3.5% to 155.5 lakh tonne in 2018-19 marketing year, due to increase in inward shipments of refined oils.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×