Vegetable Oil Imports Fall 13%

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Vegetable Oil Imports Fall 13%
16 May 2022
5 min read

News Synopsis

According to data released, the imports of vegetable oils, comprising edible and non-edible oils, declined by 13 percent to nearly 9.12 lakh tonnes during April. One of the major reasons behind this is said to be decreased import of crude palm oil. In a statement, the Solvent Extractors' Association of India (SEA) said, that import of vegetable oils in April this year stood at 9,11,846 tonnes compared to 10,53,347 tonnes in April 2021. The import of edible oils plunged to 9,00,085 tonnes from 10,29,912 tonnes, while shipments of non-edible oils fell to 11,761 tonnes from 23,435 tonnes.

Other than this, the import of crude palm oil in the month of April dropped to 4,14,829 tonnes from 6,89,731 tonnes in the same month last year. The Solvent Extractors' Association of India (SEA), in a statement, said, "Indonesia has banned export of palm oil with effect from April 28, 2022 which has queered the pitch and make life difficult for hapless consumer across the world.”

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