Palm oil imports increased due to lower duty, says SEA : Rashtra News Due to relaxation in policy for import of RBD Palmolein, import of refined palm oil in to India increased substantially in August 2021 and reported at 187,471 tons and likely to continue similar volume in coming months, informed Solvent Extractors' Association (SEA)
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Executives of leading FMCG companies in India have stated that prices of edible oils are unlikely to increase during the upcoming festive season due to good international supply. However, there may be a price hike from December to April-May next year as the impact of El Nino in oil-producing countries is felt.
After the Ukraine crisis, Russia and Argentina have emerged as major suppliers of sunflower oil to India as imports of the cooking oil jumped 89.6 per cent to 1.35 lakh tonnes in August.
After the Ukraine crisis, Russia and Argentina have emerged as major suppliers of sunflower oil to India as imports of the cooking oil jumped 89.6 per cent to 1.35 lakh tonnes in August, according to Solvent Extractors Association. India, the world's leading vegetable oil buyer, is dependent on imports of sunflower oil, which constitutes 16 per cent of the total edible oil