The Solvent Extractors' Association of India (SEA) in its latest report said that India's palm oil imports registered a 34.11% jump on-year in April to 6,84,000 tonnes, buoyed by a fall in global prices. Palm oil accounted for 52% of India's total edible oil imports of 13,04,409 tonnes in April.
According to report, including non-edible oils, overall vegetable oil imports rose 26% in April to 13,18,528 tonnes compared to 10,50,189 tonnes a year ago. Among palm oils, RBD palmolein imports climbed to 1,24,228 tonnes as against 1,12,248 tonnes in the year-ago period. CPO (crude palm oil) shipments increased 36% to 5,36,248 tonnes over 3,93,856 tonnes, while crude palm kernel oil imports jumped nearly 6-fold to 23,618 tonnes from 3,990 tonnes.
For soft oils, soybean oil imports surged to 3,85,514 tonnes from 2,62,455 tonnes, though sunflower oil inflows eased to 2,34,801 tonnes from 2,49,122 tonnes. India is the world's biggest edible oil importer. Indonesia and Malaysia are the major suppliers of RBD palmolein and CPO, while soybean oil is imported from Argentina and Brazil, and sunflower oil from Russia, Romania and Ukraine.