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Pandemic fears, high prices to stall India s vegoil demand recovery in 2021: Sunvin CEO

New Delhi India s vegetable oil imports are set for another subdued year in 2021 as refiners pass on high prices to the consumers and a resurgence of the coronavirus pandemic looms large in the country, according to Sandeep Bajoria, CEO of Mumbai-based vegetable oil broking firm Sunvin Group. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Vegetable oil consumption fell by about 2 million mt to 21.5 million mt in 2020 [from 2019] and will remain at similar levels in 2021 as high prices pinch the pockets of consumers, Bajoria said in an interview with S&P Global Platts. In 2019, India consumed 23 million mt of vegetable oils. Of this, 15 million-15.5 million mt was imported while the rest was met by domestic production, according to the Solvent Extractors Association of India (SEAI) data.

India s February palm oil imports down 27% yr/yr to 9-month low

India s February palm oil imports down 27% yr/yr to 9-month low
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.

Edible oil imports down 27% in February - The Hindu BusinessLine

India s palm oil import at 9-month low after 27% fall in Feb

India s palm oil import at 9-month low after 27% fall in Feb India buys palm oil from Indonesia and Malaysia, while other oils, including soyoil and sunflower oil, are sourced from Argentina, Brazil, Ukraine and Russia Reuters | March 12, 2021 | Updated 20:22 IST Representational Image India s palm oil imports fell 27% in February from a year earlier to their lowest in nine months, a leading trade body said on Friday, reflecting a slowdown in domestic demand. India imported 394,495 tonnes of palm oil, down from 540,470 tonnes a year earlier, the Solvent Extractors Association of India (SEA) said in a statement. Soyoil imports fell to 285,973 tonnes from 322,448 tonnes, the SEA said.

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