The Solvent Extractors' Association of India (SEA) data has showed that India's import of vegetable oils declined 12.63% to 1,049,165 tons during January 2025 as compared to 1,200,835 tons in January 2024 consisting 1,007,551 tons of edible oils and 41,614 tons of non-edible oils. The overall import of vegetable oils during first quarter of oil year 2024-25, November 2024 -January 2025 is reported at 3,908,233 tons compared to 3,673,111 tons during the same period of last year i.e. up by 6%.
The import of palm oil during first quarter of oil year 2024-25 reported at 1,617,409 tons as compared to 2,546,661 tons during the same period in last year. Soft oil (Soyabean, Sunflower) import has jumped to 2,166,105 tons from 1,101,039 tons for the same period of last year. The share of palm oil sharply decreased to 43% in November 2024- January 2025 from 70% in November 2023-January 2024, while soft oils increased to 57% from 30%.
During November 2024- January 2025, 480,292 tons of refined oil (RBD Palmolein) being imported compared to 667,412 tons in November 2023-January 2024. While, 3,303,222 tons of crude oil imported during November 2024- January 2025 compared to 2,980,287 tons in November 2023-January 2024. The ratio of refined oil decreased to 13% during first quarter of oil year from 18% due to lesser import of RBD Palmolien in January 2025, while crude palm oil ratio is increased to 87% from 82%.
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