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In a statement on Wednesday, Solvent Extractors' Association of India (SEA) said the import of vegetable oils (comprising edible oils and non-edible oils) during February stood at 9,74,85 tonne as compared to 11,14,481 tonne in the year-ago period.
India's vegetable oils import rose 16% to 167.1 lakh tonnes in the current oil year that ended in October 2023, driven by lower duty on certain edible oils,
Pullarao Daravathu and thousands of fellow farmers from Telangana in India's south are busy planting oil palms as their home state aims to add more area under the controversial crop within four years than the entire country has in decades.
India slashed its base import tax on crude palm oil, crude soyoil and crude sunflower oil to zero from 2.5%, the government said in a notification