India Palm oil imports up 10.06% to 92.93 lakh tonnes in 2016-17: SEA

India, the world’s leading vegetable oil buyer, had imported 84.43 lakh tonnes of palm oils during the last marketing year (November-October). Palm oil imports rose by 10.06 per cent to 92.93 lakh tonnes in 2016-17 marketing year that ended in October due to lower domestic production. The country’s total vegetable oils (edible and non- edible) import increased by 4.75 per cent to 154.40 lakh tonnes in 2016-17 from 147.38 lakh tonnes the last year. Among soft oil, import of sunflower oil increased to 21.69 lakh tonnes in 2016-17 from 15.16 lakh tonnes last year. The shipment of soybean oil declined to 33.16 lakh tonnes from 42.35 lakh tonnes, while that of mustard seed oil to 2.93 lakh tonnes from 3.77 lakh tonnes in the said period.