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business bureauindia’s palm oil imports declined 14.59 per cent to 4,39,173 tonne during may this year, but there was a sharp rise in shipments of crude sunflower oil, industry body sea said on thursday. india, the world̵
According to Solvent Extractors' Association (SEA), import of palm oil products increased sharply to 5,348,396 tonne during November-May period of 2022-23 oil year due to price parity as compared to 3,739,783 tonne in the year-ago period. "The share of palm oil increased to 59 per cent from 50 per cent, while soft oils import reduced. However in last two months, shipment of sunflower and soybean oils sharply increased," SEA Executive Director B V Mehta said in a statement.
According to Solvent Extractors' Association (SEA), import of palm oil products increased sharply to 5,348,396 tonne during November-May period of 2022-23 oil year due to price parity as compared to 3,739,783 tonne in the year-ago period.
Edible Oil Prices To Get Cheaper By Nearly 6
India imports 25 lakh tonnes of sunflower oil annually, of which 70 per cent comes from Ukraine, 20 per cent from Russia and 10 per cent from Argentina.