(MENAFN - Trend News Agency) India imported more than 500,000 tonnes of palm oil from Malaysia in January out of its overall edible oil imports of about 1.07 million tonnes.
The imports from Malaysia comprised 497,337 tonnes of crude palm oil (CPO), 9,204 tonnes of crude palm kernel oil and 2,701 tonnes of RBD palm olein, according to figures released by an industry group.
The Solvent Extractors Association (SEA) said India s CPO imports from Malaysia in January were more than 23 per cent higher than the December purchase.
The country s palm oil imports totalled 780,741 tonnes last month, constituting 73 per cent of all vegetable oil imports.
Palm oil s share of the December imports was 58 per cent, but a sharp drop in soybean imports reduced the share of soft oils versus palm oil in January, according to SEA.
India has imported more than 500,000 tonnes of palm oil from Malaysia last month out of its overall edible oil imports of about 1.07 million tonnes. According to figures released by an industry group, the imports from Malaysia comprised 497,337 tonnes of crude palm oil (CPO), 9,204 tonnes of crude palm kernel oil and 2,701 tonnes of RBD palm oil, The Star reported. India s CPO imports from Malaysia last month were more than 23 per cent higher than the December purchase, the Solvent Extractors Association said. The palm oil import was 58 per cent in December last year. However, there was a sharp drop in the soybean import that resulted in the reduction of the share of soft oils versus palm oil in January.
India’s crude palm oil imports in January jumped 44.99 per cent y-o-y to 7.67 lakh tonnes, the Solvent Extractors’ Association of India (SEA) said. The crude palm oil imports during January 2020 stood at 5.29 lakh tonnes, SEA said in a statement. Import duty reduction from November 2, 2020, on crude palm oil (CPO) was .
Saturday, 13 Feb 2021 02:13 PM MYT
The imports from Malaysia comprised 497,337 tonnes of crude palm oil (CPO), 9,204 tonnes of crude palm kernel oil and 2,701 tonnes of RBD palm olein, according to figures released by an industry group. Reuters pic
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NEW DELHI, Feb 13 ― India imported more than 500,000 tonnes of palm oil from Malaysia in January out of its overall edible oil imports of about 1.07 million tonnes.
The imports from Malaysia comprised 497,337 tonnes of crude palm oil (CPO), 9,204 tonnes of crude palm kernel oil and 2,701 tonnes of RBD palm olein, according to figures released by an industry group.