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Imports of Vegetable Oil rose by 10.55% in February

19 Mar 2013 Evaluate

Imports of Vegetable Oil has increase by 10.55% and stood at 969,175 tonnes in February, while overall imports of vegetable oils during Nov 2012 to Feb 2013 is up by 21.99% and stood at 3,735,263 tonnes, as per the data compiled by Solvent Extractors’ Association. Last year in the month of February, the imports stood at 876,669 tonnes.

Domestic vegetable oil production is expected to increase marginally to 8.19 million tonnes in the current year but overall oilseeds crop is seen slightly lower at 25.61 million tonnes over the last year. Of the total oilseeds crop production this year, about 15.8 million tonnes of production is expected to come from the kharif (summer) season, while the rest 9.79 million tonnes from the rabi (winter) season. The country’s overall production of nine oilseeds stood at 26 million tonnes in the last year.

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