Key Points
The country's vegetable oils import declined by 25 per cent to 11.60 lakh tonne in November, the first month of the 2023-24 oil year, compared to 15.45 lakh tonne in the year-ago period, industry body SEA said on Friday..
Of the total vegetable oil imports, edible oils were 11.48 lakh tonnes and non-edible oils 12,498 tonnes during November 2023...
India, the world's leading vegetable oil buyer, imports refined and crude vegetable oils in the edible oil category..
According to the Solvent Extractors Association of India (SEA), the country's crude vegetable oils declined by 26.34 per cent to 9.77 lakh tonnes in November this year as against 13.26 lakh tonnes in the year-ago period...
Among crude vegetable oils, although the import of RBD palmolein declined in November 2023 to 1.71 lakh tonnes from 2.02 lakh tonnes in the year-ago period, but the shipments tripled from 53,497 tonnes in October this year...
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