Palm oil import up, soft oil down marginally in Nov-Jan quarter of 2020-21 February 12, 2021 × CPO import jumped 24% in Q1 of oil year 2020-21 on duty cut from 37.5% to 27.5% with effect from November 27 Import of palm oil jumped by 8 per cent in the first quarter of the oil year 2020-21. According to data on import of vegetable oils (both edible and non-edible) for January 2021, compiled by Solvent Extractors’ Association (SEA) of India, the import of palm oil (which includes CPO, RBD palmolein, and crude palm kernel oil) increased to 2.17 million tonnes (mt) during the November-January quarter of the oil year 2020-21 against two mt during the corresponding period of the previous oil year, registering a growth of 8.01 per cent.