SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Imports of vegetable oil fall 10.5% to 11,12,478 lakh tonnes in February

16 Mar 2020 Evaluate

The Solvent Extractors' Association of India (SEA) in its latest report has showed that imports of vegetable oil came down by 10.5% to 11,12,478 lakh tonnes in February 2020, as compared to 12,42,533 tonnes in February 2019, mainly due to lower shipments of refined palm oil. Out of total vegetable oil imports last month, 10,89,661 tonnes was edible oil, while 22,817 tonnes was non-edible oil.

According to the data, the overall import of vegetable oil during November 2019 to February 2020 fell 6.1% to 45,63,791 tonnes compared to 48,62,849 tonnes in the corresponding period of the previous year. Oil year runs from November to October.

SEA said that in view of placing RBD Palmolein under restricted list with effect from January 8, 2020, its import has drastically reduced in February 2020 at 33,677 tonnes. It added that import of crude sunflower and crude soyabean oil sharply increased as spread between palm oil and soft oils reduced to nearly $75 to 80 per tonne, encouraging larger import of soft 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:

×