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India's vegetable oil imports decline 32% in April

15 May 2025 Evaluate

Solvent Extractors Association (SEA) in its latest report said that India’s vegetable oil imports fell 32% to 891,558 tonnes in April 2025 as compared to 1,318,528 tonnes in April 2024, as shipments of both palm and refined oils declined. The import in the last three months was at a very low level due to reduced demand for palm oil coupled with increased crushing of mustard in the country.  For the first six months of the 2024-25 oil year (November- April), total vegetable oil imports decreased to 6,697,700 tonnes, from 7,148,643 tonnes a year earlier.

In November 2024- April 2025, Palm oil imports stood at 2,737, 002 as compared to 4,213, 933 in November 2023- April 2024. Among soft oils, sunflower oil imports declined to 1,492,829 tonnes in 2024-25 oil year, while soyabean oil imports stood at 2,272,404 tonnes during November 2024- April 2025 period. 

The share of palm oil decreased to 42%, from 60% in the last six months, while soft oils increased to 58% from 40%. Indonesia and Malaysia are India's major palm oil suppliers, while Argentina, Brazil and Russia supply soybean oil. 

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