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November Vegetable Oil Imports Rise 6.2% To 1.248 Million Tonnes

India primarily imports palm oil from Indonesia and Malaysia and soyoil from Argentina and Brazil. It also imports small amounts of sunflower oil from Ukraine and canola oil from Canada

Photo Credit : Bloomberg

1496820361_VNxFP3_Edible-Oil_Bloomberg.jpg

India's vegetable oil imports in November rose 6.2 per cent from a year earlier to 1.248 million tonnes due to an increase in overseas purchases of soyoil and sunflower oil, a trade body said on Thursday.

The world's biggest importer of edible oils bought 716,968 tonnes of palm oil last month, down 10.5 per cent from a year ago, the Solvent Extractors' Association (SEA), a Mumbai-based trade group for oilseed processors, said in a statement.

India primarily imports palm oil from Indonesia and Malaysia and soyoil from Argentina and Brazil. It also imports small amounts of sunflower oil from Ukraine and canola oil from Canada.

(Reuters)


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vegetable oil edible oils indonesia