Palm oil imports see a sharp rise in India
The Dollar Business Bureau Taking a jump on the shipments of palm oil, imports of palm oil in India increased marginally to 7,29,536 tonnes in April 2016. India, which is top most buyer of vegetable oils, imported 7,25,088 tonnes of palm oil in April 2015. Of the total vegetable oil imports in India, palm oil makes up for 65%. The domestic refineries have been hit by the rise in imports of RBD Palmolein, which grew in recent times, said Solvent Extractors Association (SEA). Among the products of palm oil, RBD palmolein imports increased by 74% from 1,87,534 tonnes in April 2015 to 3,25,902 tonnes in April 2016. The imports of RDB palmolein, which replaced CPO, is likely to rise in the near future. The domestic ...
Vegetable oil imports up 28% in February
The Dollar Business Bureau India’s vegetable imports in February escalated by 28% as inbound shipments of edible oil grew up by a record margin. Last month, India imported 1.11 million tonnes of vegetable oil, comprising of 1.10 million tonnes of edible oils and 16.50 thousand tonnes of non-edible oils, as compared to 868. 17 thousand tonnes imported in February 2015. “The overall import of vegetable oils during first four months of the current oil year 2015-16, November 2015 – February 2016 is reported at 5.1 million tonnes compared to 4.30 million tonnes, up by 19%,” the Solvent Extractors’ Association said in a statement. During November 2015 – February 2016, import of RBD Palmolein (refined oil) surged to 789.06 thousand tonnes from ...
Vegetable oil imports grow by 23.64% in 2014-15
The Dollar Business Bureau India’s dependence on vegetable oil imports has gone up by more than 70% during the current fiscal Vegetable oil imports in the oil year 2014-15 surged by 23.64% as shipments of palm products as well as soft oils like soybean, sunflower and rapeseed (canola) grew by a record margin. During the previous oil year (November 2014 to October 2015), imports of edible oil and non-edible oil increased to 146.1 lakh tonnes from 118.2 lakh tonnes in the oil year 2013-14. Last month, vegetable oil imports reached 16.7 lakh tonnes - the highest in a single month since allowed in OGL (Oil and Gas Lease) in 1994, up 34% from about 12.47 tonnes in October 2014. Similarly, ...
